Question

A trader professes to sell his goods at a loss of 12% but uses a weight of 800 grams in place of a 1 kilogram. What is his real loss or gain per cent?

• A. 8% Loss
• B. 10% Profit
• C. 12.5% Profit
• D. 10% Loss

Answer 1

The correct option is B 10% Profit

Let the cost price of rice be = Rs. 100/kg
So, the selling price = Rs. 88/Kg
But he is selling only 800 Grams 🡪 Cost of 800
grams of rice is Rs. 80.
Profit % = $\frac{8}{80}\times 100=$10%