Mani Sells Vegetables And He Marks Up The Prices At 5% Above His Cost

1.	Mani Sells Vegetables And He Marks Up The Prices At 5% Above His Cost Price. Also The Weighing Stones Used By Him Weigh Only 90% Of The Correct Weight. Find His Effective Percentage Of Mark-up.
Answer» Let the cost PRICE be 100 per 1 kg As he will SELL 1 kg in 105 but due to error in weighing stones he will sell only 900 GRAMS in 105 but he has paid 900(100/1000) =90 rs for 900 grams. Therefore, net profit= Rs (105-90) = Rs 15 % PERCENTAGE= (15/90) 100% =16.67% Let the cost price be 100 per 1 kg As he will sell 1 kg in 105 but due to error in weighing stones he will sell only 900 grams in 105 but he has paid 900(100/1000) =90 rs for 900 grams. Therefore, net profit= Rs (105-90) = Rs 15 % percentage= (15/90) 100% =16.67%

Mani Sells Vegetables And He Marks Up The Prices At 5% Above His Cost Price. Also The Weighing Stones Used By Him Weigh Only 90% Of The Correct Weight. Find His Effective Percentage Of Mark-up.

Answer»

Let the cost PRICE be 100 per 1 kg

As he will SELL 1 kg in 105 but due to error in weighing stones he will sell only 900 GRAMS in 105 but he has paid 900*(100/1000) =90 rs for 900 grams.

Therefore, net profit= Rs (105-90) = Rs 15

% PERCENTAGE= (15/90) *100% =16.67%

Let the cost price be 100 per 1 kg

As he will sell 1 kg in 105 but due to error in weighing stones he will sell only 900 grams in 105 but he has paid 900*(100/1000) =90 rs for 900 grams.

Therefore, net profit= Rs (105-90) = Rs 15

% percentage= (15/90) *100% =16.67%

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Mani Sells Vegetables And He Marks Up The Prices At 5% Above His Cost Price. Also The Weighing Stones Used By Him Weigh Only 90% Of The Correct Weight. Find His Effective Percentage Of Mark-up.
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