False Weight Profit Percentage
CMAT 2021 · Quantitative Techniques & Data Interpretation · Medium · Profit and Loss
A shopkeeper claims to sell rice at cost price. He uses a false weight with the intention of selling rice at 25% profit. After selling Rice to a customer, he realizes that the customer has paid 10% less than what he should have paid. What is the actual profit percentage made by the shopkeeper?
- A.
6.25%
- B.
10%
- C.
12.5%
- D.
15%
Answer
C
Explanation
To make 25% profit, cost of quantity given is 800 for nominal 1000 price. Customer pays 10% less than 1000, so customer pays 900. Actual CP = 800, Actual SP = 900. Actual profit % = .
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