SSC CGL Model Paper 5

Question : 58 of 100

Marks: +1, -0

A trader uses a weighing balance that shows 1250 gm for a kilogram. He further marks up his cost price by 20%. What is the profit percentage?

Validate

Solution:

Let the cost price of one gm be Rs.1, then the mark up price be Rs 1.2 per gm
Now, he sells 1000gm which seems to be 1250 gm so he charges to a customer
1250 × 1.2 = Rs 1500 for 1000 gm (on Rs 1000)
Thus, his profit % =

{1500-1000}/1000×100=50%

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