A seller marks the price 50% above the cost price and gives 10% discou

1.	A seller marks the price 50% above the cost price and gives 10% discount on an item.While selling, he cheats customer by giving 20% less in weight. Find his overall profit percent (approximate) ?1). 26%2). 65%3). 68%4). 72%
Answer» Solution Let the cost PRICE be Rs 100 and AMOUNT of product be 100 gm Now there is 50% markup so the marked price becomes Rs 150 Now after 10% DISCOUNT on Marked price the selling price = Rs (150 - 15) = Rs 135 Now it is said that he only SALE 80 % of the quantity So, he is selling 80 gm in 135 Rs which means SP of 1 gm is = Rs 1.6875 Cost price of 1 gm = Rs 1 So profit percentage is 68.75 % ~ 68%

A seller marks the price 50% above the cost price and gives 10% discount on an item.While selling, he cheats customer by giving 20% less in weight. Find his overall profit percent (approximate) ?1). 26%2). 65%3). 68%4). 72%

Answer»

Solution

Let the cost PRICE be Rs 100 and AMOUNT of product be 100 gm

Now there is 50% markup so the marked price becomes Rs 150

Now after 10% DISCOUNT on Marked price the selling price = Rs (150 - 15) = Rs 135

Now it is said that he only SALE 80 % of the quantity So,

he is selling 80 gm in 135 Rs which means SP of 1 gm is = Rs 1.6875

Cost price of 1 gm = Rs 1

So profit percentage is 68.75 % ~ 68%

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A seller marks the price 50% above the cost price and gives 10% discount on an item.While selling, he cheats customer by giving 20% less in weight. Find his overall profit percent (approximate) ?1). 26%2). 65%3). 68%4). 72%

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