Profit and Loss Practice Test 9

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A trader has a weighing balance that shows1,200 g for a kilogram. He further marks uphis cost price by 10%. Then the net profit percentage is:

Solution:

Balance shows 1,200 g for a 1,000 g.
Quantity shown for 1,000 g instead of 1,200 g

=1000/1200×1000=10000/12\gm

Let the actual cost price

=10×10000/12

Actual sale price = 1,000 × 11 = Rs 11,000
Net profit percentage

={11000-100000/12}/{100000/12}×100=32%

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