Question : A trader has a weighing balance that shows 1300 g for a kg. He further marks up his cost price by 15%. The net profit percentage is:
Option 1: 48.5%
Option 2: 49.5%
Option 3: 50%
Option 4: 45%
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Correct Answer: 49.5%
Solution :
Let the cost price per g be Re. 1.
The cost price of 1300 g = Rs. 1300
The cost price of 1000 g = Rs. 1000
The marked price of 1300 g = 1300 × 115% = Rs. 1495
The trader gives 1000 g instead of 1300 g.
$\therefore$ His profit = 1495 – 1000 = Rs. 495
$\text{Profit %} = \left( \frac{\text{Profit}}{\text{Cost price} } \right) \times 100= \left( \frac{495}{1000} \right) \times 100=49.5\%$
Hence, the correct answer is 49.5%.
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