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Discussion

  1. A trader use a weighing balance that shows 1250 g for a kilogram. He further marks- up his cost price by 20%. what is the profit percentage ?
    1. 5 %
    2. 45 %
    3. 50 %
    4. 30 %
  1. Correct Option: C

    Let the cost price of one gram be Rs. 1, then the mark up price be Rs. 1.2 per g.

    Now he sells 1000 g which seems to be 1250 g so he charges to a customer 1250 X 1.2 = Rs. 1500 for 1000 g (or Rs. 1000)

    Thus his profit % 1500 -1000 / 1000 X 100 = 50 %

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