Allied & ICAR Exam Bank • ALLIED_1918 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

A merchant sells goods at a markup of 10% over cost price but uses a weight of 880 grams for a kilogram. His net percentage profit is:

Options:

  • (A) 25%
  • (B) 20%
  • (C) 22%
  • (D) 27.5%

Answer Key:

A

Step-by-Step Solution & Explanation

Multiplier $= 1.10 \times (1000 / 880) = 1.10 \times 1.13636 = 1.25$, which is a 25% profit.
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