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A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?
- a)18.24%
- b)17.65%
- c)15%
- d)13.04%
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sel...
Original weight of rice = 1 kg = 1000 gm
Let cost of 1 gm is Rs. 1
Cost price of 1000 gm = Rs. 1000
Selling price of 850 gm = Rs. 1000 (∵ giving only 850 gm instead of 1000 gm)
Profit = [error/ (true weight)] × 100
⇒ Profit = [(1000 - 850)/ 850] × 100 = (150/850) × 100 = 17.65%
∴ profit % on 5kg is equal to profit on 1 kg which is 17.65%
Most Upvoted Answer
A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sel...
Solution:
Given, the shopkeeper uses a weight of 850 gm instead of 1 kg.
So, the actual cost price of the shopkeeper for 1 kg of rice = cost price for 850 gm of rice.
Let the cost price of 1 kg of rice be Rs. x.
Then, the cost price of 850 gm of rice = (850/1000) * x = 0.85x
Now, the shopkeeper sells rice on its cost price.
Therefore, the selling price of 1 kg of rice = Rs. x
And, the selling price of 850 gm of rice = (850/1000) * x = 0.85x
Hence, the selling price of 5 kg of rice = 5x
Profit Percentage:
Profit = Selling Price - Cost Price
Profit on 850 gm of rice = (0.85x - 0.85x) = 0
Profit on 1 kg of rice = (x - 0.85x) = 0.15x
Profit on 5 kg of rice = 5 * (0.15x) = 0.75x
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (0.75x / 5x) * 100 = 15%
Therefore, the shopkeeper's profit percentage on selling 5 kg of rice is 15%.
Hence, option B is the correct answer.
Given, the shopkeeper uses a weight of 850 gm instead of 1 kg.
So, the actual cost price of the shopkeeper for 1 kg of rice = cost price for 850 gm of rice.
Let the cost price of 1 kg of rice be Rs. x.
Then, the cost price of 850 gm of rice = (850/1000) * x = 0.85x
Now, the shopkeeper sells rice on its cost price.
Therefore, the selling price of 1 kg of rice = Rs. x
And, the selling price of 850 gm of rice = (850/1000) * x = 0.85x
Hence, the selling price of 5 kg of rice = 5x
Profit Percentage:
Profit = Selling Price - Cost Price
Profit on 850 gm of rice = (0.85x - 0.85x) = 0
Profit on 1 kg of rice = (x - 0.85x) = 0.15x
Profit on 5 kg of rice = 5 * (0.15x) = 0.75x
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (0.75x / 5x) * 100 = 15%
Therefore, the shopkeeper's profit percentage on selling 5 kg of rice is 15%.
Hence, option B is the correct answer.
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A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?a)18.24%b)17.65%c)15%d)13.04%Correct answer is option 'B'. Can you explain this answer?
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A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?a)18.24%b)17.65%c)15%d)13.04%Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?a)18.24%b)17.65%c)15%d)13.04%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?a)18.24%b)17.65%c)15%d)13.04%Correct answer is option 'B'. Can you explain this answer?.
A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?a)18.24%b)17.65%c)15%d)13.04%Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?a)18.24%b)17.65%c)15%d)13.04%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?a)18.24%b)17.65%c)15%d)13.04%Correct answer is option 'B'. Can you explain this answer?.
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