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A Shopkeeper marks up his goods by 20% and gives a discount of 5%. Also, he uses a false balance, which reads 1000 gins for 750 gins. What is his total profit percent? |
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Answer» Let the CP per gm be 0.10 Accordingly CP of 1kg i.e. 1000 gms = Rs.100. Selling price of 750 gms = [100 × 120% – 5% of 120] = 120 – 6 = 114. Cost Price of 750 gms = 75. Profit = 114 – 75 = 39 Profit percent = 39/75x100=52% |
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