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. 65%
B. 60%
C. 70%
D. 55%
Answer: Option A
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%.
No comments yet. Be the first to start the discussion!