A dishonest dealer cheats by 20% while buying and 20% while selling using false weights. He marks up his goods by 10%. Find his true overall profit percentage. MCQ with Answer and Explanation
A dishonest dealer cheats by 20% while buying and 20% while selling using false weights. He marks up his goods by 10%. Find his true overall profit percentage.
A. 60%
B. 65%
C. 55%
D. 70%
Answer: Option B
Solution (By JKSSB Mock Tests)
Buying cheat: gets 120g for price of 100g (multiplier = 1.2). Selling cheat: gives 80g for price of 100g (multiplier = 1 / 0.8 = 1.25). Markup: 10% (multiplier = 1.1). Total multiplier = 1.2 * 1.25 * 1.1 = 1.65. Profit percentage = 65%.
An article is sold at a 15% profit. If its cost price decreases by 10% and selling price decreases by Rs. 21, the profit becomes 20%. Find the initial cost price.
No comments yet. Be the first to start the discussion!