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Aptitude · Q460

Profit And Loss

Competitive Exams · Aptitude · question 460

Q460

A faulty weighing machine reads 1 kg when 900 gm is actually weighted on it. The shopkeeper marked the price of his goods by 10%, but unfortunately he was caught by the metrology department and then they ordered him to repair his weighing machine and gave punishment to sell the goods at 10% discount on cost price for a month. If each customer is now paying Rs. 20 for 1 kg, then before the raid . . . . . . . . amount they have paid for the same quantity. (Rounded off to two places of decimal)

A.
Rs. 27.16
Answer
B.
Rs. 27.04
C.
Rs. 28.05
D.
Rs. 28.15

Answer: Option A

Solution

Answer: Option A
Solution:
After getting caught = as a punishment giving 10% discount on cost price for every 1 kg and customer is paying Rs. 20 for 1 kg.
Therefore,
Actual cost price (for customer) =
But shopkeeper before raid was selling at marked price which is 10% more than cost price
But this amount was before raid paid for 900 gm
So, actual amount paid for 1000 gm before raid