Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 768

Q.   A shopkeeper sells his goods at cost price but uses a faulty meter that weighs 950 grams. Find the profit percent.
- Published on 06 Jul 15

a. 100/17%
b. 100/23%
c. 100/19%
d. 100/13%

ANSWER: 100/19%
 
(100 + g) / (100 + x) = True measure / Faulty measure

x = 0
true measure = 1000
faulty measure = 950
100 + g / 100 + 0 = 1000 / 950
100+g = 20/19*100
g = 100/19 %

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