A dishonest dealer marks up his goods by 20% and then gives a discount of 10%. He uses a 900g weight instead of 1kg. What is his actual profit percentage? MCQ with Answer and Explanation
A dishonest dealer marks up his goods by 20% and then gives a discount of 10%. He uses a 900g weight instead of 1kg. What is his actual profit percentage?
A. 15%
B. 22%
C. 20%
D. 18%
Answer: Option C
Solution (By JKSSB Mock Tests)
Actual Cost Price for 900g = 900. Marked Price for 1000g = 1200. Selling Price after 10% discount = 1080. He claims to sell 1000g but gives 900g. Profit = 1080 - 900 = 180. Profit percentage = (180 / 900) * 100 = 20%.
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