A Seller uses 920g in place of one kg to sell his goods. When he sells his article at 15% gain on cost price, the actual percentage of profit is?

Question

Accepted Answer

Let cost price = ₹ 1000
∴ Actual cost price = ₹ 920
Selling price = (1000 x 115)/100 = ₹1150
∴ Actual profit percentage = (1150 - 920)/(920 x 100) = 25%

A Seller uses 920g in place of one kg to sell his goods. When he sells his article at 15% gain on cost price, the actual percentage of profit is?

Discussion & Comments