A grocer uses a 900 g weight as 1 kg but sells at cost price. His gain percent is
A12.5%
B10%
C11.11%
D9%
Answer & Solution
Correct answer: C. 11.11%
He gives 900 g worth of cost for 1000 g of price, so gain = 100/900 = 11.11 percent.
Keep practising Profit and Loss
Browse all Profit and Loss questions for RRB NTPC, or explore more Quantitative Aptitude topics.
Related questions
Which deductions are made against list price by a wholesaler to a retailer?What is the total outlay needed to produce a product or deliver a service called?In commercial trade, what base value is used to calculate profit percentage?A 25% discount gives a price of Rs 1800. The price with only a 10% discount would beThe discount is one fifth of the marked price of Rs 750. The selling price isGoods bought at 10% below list price are sold at list price. Profit percent?A price cut of 20% must be followed by what rise to restore the original price?40 shirts bought at Rs 250 each; 30 sold at Rs 320, the rest at Rs 200. Profit percent?