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A seller sells at 1.2 times the CP and uses 750 gm weights instead of 1 Kg. What is his total Profit Percentage?1. 6%2. 10%3. 12%4. 60% |
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Answer» Correct Answer - Option 4 : 60% Given: SP= 1.2 CP Formula used Profit = SP - CP % profit = (profit /CP) × 100 Calculation Let the CP of 1 g = x Given SP of 1 kg = 1.2 CP = 1200x But the CP of what he is selling = 750x His Profit = 1200x – 750x = 450x ∴ Total Profit % = (450x/750x) × 100 = 60% |
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