A seller uses 920 gm in place of one kg to sell his goods.find the actual% profit or loss,when he sells his article on 15%gain on cost price?
Solution(By Examveda Team)
Let the cost price of Article is Rs. 100 for 1kg.Selling price for article after 15% profit is Rs.115
But instead of selling 1kg seller sold 920gm.
Cost price of 920gm is Rs. 92
Profit will be 115 - 92 = 23
Therefore Profit % is 23/92 X 100 = 25%
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25%
In case of 1Kg worth 100 ₹ item, he selling 920g for 115 ₹
Cost price 920g 98₹
Selling price 115₹
So profit (23/98)100=25
Is it correct?
How 25%??
25%