IBPS SO Prelims Exam Model Paper 9

Given:
Selling price an item = Rs. 70
Formula used:
Let percentage earned by faulty weight = A% and profit percentage due to price = B%
Overall profit percentage = A + B +

(AB)

100

Calculation:
Cost price of an item = 70 ×

100

140

= Rs. 50
⇒ Profit percentage =

(70–50)

50

× 100 = 40%
Profit due to faulty weight =

(1000–850)

1000

× 100 = 15%
∴ Overall profit percentage =[40+15+

(40×15)

100

]
= 61%