A dishonest dealer purchases goods at 20% discount of the cost price of Rs. X and also cheats his wholesaler by getting 20% extra through false weighing, per kg. Then he marks up his goods by 80% of x, but he gives a discount of 25% besides he cheats his customer by weighing 10% less than the required. What is his overall profit percentage?
A. 125%
B. 100%
C. 98.66%
D. 120%
E. None of these
Answer: Option A
Solution(By Examveda Team)
Let actual cost price of an article be Rs. 1 (in place of X). Now he purchases goods worth Rs. 120 and pays Rs. 80, since 20% discount is allowed.So, the CP = $$\frac{{80}}{{120}} = \frac{2}{3}$$ Again, MP, SP = 135 (since 25% discount) Thus, the trader sells goods worth Rs. 90 instead of 100g and charges Rs. 135.
Therefore the effective SP = $$\frac{{135}}{{90}} = \frac{3}{2}$$ $$\eqalign{ & {\text{Profit}}\,\% \cr & = {\frac{{ { {\frac{3}{2}} - {\frac{2}{3}} } }}{{\frac{2}{3}}}} \times 100 \cr & = 125\% \cr} $$
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Comments ( 2 )
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
can anyone solve this with short trick ?
He gets 20% discounts and as well he cheats 20% as well.
Let 1000 was the actual CP.
Now, in 800 he gets 1200g. Means his cost of 1200g is 800.
So, his CP for 900,
= (800*900)/1200 = 600.
MP = 1000 + 80% of 1000 = 1800
SP = 1800 - 25% of 1800 = 1350.
1350 is for 900g.
Thus total gain = 450 + 300 = 750
% gain = (750*100)/600 = 125%