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A dishonest shopkeeper, at the time of selling and purchasing, weighs 20% less and 24% more per kg respectively. Find the percentage profit earned by treachery. (Assuming he sells at cost price)?1). 42%2). 40%3). 55%4). 33.33% |
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Answer» Let the price of the GOODS is Rs. 1000 per 1000 GM Given that, The SHOPKEEPER weighs 24% more while purchasing the goods ⇒ He buys 1240 gm of goods instead of 1000 gm ⇒ He pays Rs. 1000 instead of Rs. 1240 The shopkeeper also uses 20% less weight while selling the goods ⇒ He uses 800 gm instead of 1000 gm ⇒ CP of the goods = Rs. 800 If the shopkeeper sells the goods at the CP ⇒ Profit = (1240 – 800) = Rs. 440 ⇒ Profit % = (440/800) ? 100 = 55% ∴ Profit percentage earned by the treachery is 55%. |
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