InterviewSolution
Saved Bookmarks
| 1. |
A dishonest shopkeeper cheats at time of buying and selling the products. He weights 20% more at time of buying and 10% less at time of selling. What is his total profit?1). 33.33%2). 25%3). 66.66%4). 50% |
|
Answer» GIVEN that he cheats 20% at time of buying ⇒ Goods bought = 1000(1 + 20/100) Given that he cheats 10% at time of buying ⇒ Goods sold = 1000(1 – 10/100) ⇒ 900g at price of 1000 g Since cost price = selling price ⇒ Profit PERCENTAGE = goods left/goods sold × 100 ⇒ [(1200 – 900)/900] × 100% ⇒ [300/900] × 100% ⇒ [1/3] × 100% ⇒ 33.33% ∴ Profit percentage = 33.33% |
|