InterviewSolution
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Quantity B: A shopkeeper makes changes in weight balance that is weight balance counts 940g instead of 1000 kg. What is profit percentage he had?1). Quantity A > Quantity B2). Quantity A < Quantity B3). Quantity A ≥ Quantity B4). Quantity A ≤ Quantity B |
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Answer» Quantity A: Let the Cost price of GOODS be Rs.100. Given, A shopkeeper sets his goods price at 30% above the cost price Then it’s marked price set by shopkeeper is Rs.130. After this he is OFFERING 10% DISCOUNT for cashless payments, SELLING price after discount is = = 130 – 130 × 10/100 = 130 – 13 = 117 Selling price of goods after discount = Rs.117 Profit percentage he had in this transaction = = ((SP – CP)/CP) × 100 = ((117 – 100)/100) × 100 = 17 Profit percentage he had is 17%. Quantity B: Given, weight balance counts 940g instead of 1000kg Let for 1 kg weight cost price is Rs.100 That is due to faulty weight balance, He sells goods of Rs.94 at price of goods 1kg. Gain he had = 100 – 94 = 6 Percentage profit he had = = (6/94) × 100 = 6.38% Due to faulty weight balance shopkeeper had 6.38% profit. From above solution, Relation between Quantity A > Quantity B is established. |
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