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A dishonest shopkeeper makes cheating of 10% at the time of buying and 10% at the time of selling the goods. Find profit percent.1). 0%2). 10%3). 20%4). 21% |
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Answer» Let cost PRICE of 1 GM goods = RS. 1 Letthe shopkeeper purchases 100 gm goods. TOTAL cost price = Rs. 100 Due to cheating he actually gets = 100 + (10/100) × 100 = 110 gm goods. Due to cheating at the TIME of selling the goods, he sells = 110 + 110× (10/100) = 121 gm goods Total selling price = Rs. 121 Required profit percentage = (121 – 100)/100 × 100 = 21% |
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