A vegetable vendor does his sales using a weight that is 12% less than the actual weight and earns a profit of 32% on the cost price. Find the total profit percentage.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 50%
Let the cost of 1000 grams vegetables be 100 units
But the vendor sells the weight at 880 grams instead of 1 kg, which costs 88 units
Given, profit % = 32%
So, the selling price = 100 + (32/100) × 100 = 132 units
then, Actual profit % = [(132 - 88)/88] × 100 = 50%