A fruit seller sells oranges at a loss of 8% on the cost price but uses a weight that is 25% less than the actual weight. Find his total profit percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 22.67%.
Let the cost price of 1000 gm of oranges be 100.
SP of 1000 gm oranges = 92% of 100 = 92
Actual weight of selling = 75% of 1000 = 750 gm
Actual cost = Actual weight sold × cost per gm
⇒ 750 × 0.10 = 75
Actual profit = 92 - 75 = 17
Total profit percentage = (Actual Profit/Actual cost) × 100
⇒ 100 × 17/75 = 22.67%