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A trader has a weighing balance that shows 1,200 gm for a kilogram. He further marks up his cost price by 10 %. Then the net profit percentage is :

A) 32%
B) 23%
C) 31.7%
D) 23.5%
E) 24%

Correct Answer:

A) 32%

Description for Correct answer:
Profit percentage after selling 1200gm

= \( \Large \frac{1200 - 1000}{1000} \) \times 100 = 20%

Profit percentage equivalent to 20% and 10% = 20 + 10 + \( \Large \frac{\Large 20 \times 10}{100} \)

= 30 + 2 = 32%

Part of solved SBI JuniorAssociate-3 questions and answers : Exams >> Bank Exams >> SBI JuniorAssociate-3

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