Practice mode Profit and Loss

A grocer’s 1 kg weight actually weighs 920 g, and he also sells at 15% above cost price. What is his total gain percentage?

Correct answer D. 25%

Explanation

He charges 1.15 × cost of 1,000 g but gives 920 g. Gain factor = 1.15 × 1000/920 = 1.25, so his total gain is 25%.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.