A dishonest dealer marks up his goods by 20% and gives a discount of 10%. Besides, he uses a faulty balance which reads 1 kg for 800g. What is his net profit percentage? MCQ with Answer and Explanation
A dishonest dealer marks up his goods by 20% and gives a discount of 10%. Besides, he uses a faulty balance which reads 1 kg for 800g. What is his net profit percentage?
A. 30%
B. 45%
C. 35%
D. 40%
Answer: Option C
Solution (By JKSSB Mock Tests)
Let true CP of 1000g be 1000. He marks it at 1200 and sells at a 10% discount, making SP = 1080. But he gives only 800g. The actual CP for him is 800. Net Profit = 1080 - 800 = 280. Net Profit % = (280 / 800) * 100 = 35%.
A manufacturer sells to a wholesaler at a 25% profit. The wholesaler sells to a retailer at a 20% profit. The retailer sells to a customer at a 15% profit for Rs. 1380. If the manufacturer's total cost includes a 25% packaging charge on the base item cost, what is the base item cost?
No comments yet. Be the first to start the discussion!