Mahesh agreed to sell rice with 24% loss, as the rice got rotten. However, he cheated customers and gave only 19 gm of rice in place of 50 gm of rice. What is the percentage of his profit or loss?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 100%.
Given that
Mahesh agreed to sell rice with 24% loss
But he cheated customers and gave only 19 gm of rice in place of 50 gm of rice
Let the cost price of article be 25 units
The selling price of article with a loss of 24% = 25 - 6 = 19 units
According to the question
⇒ C.P. : S.P.
⇒ 25 : 19
⇒ 19 : 50
So, net C.P. = 25 × 19
Net S.P. = 50 × 19
Now, the profit = S.P. - C.P. = (50 - 25) × 19 = 25 × 19
Hence, the required profit % = (Profit/net C.P.) × 100 = (25 × 19/25 × 19) × 100 = 100%