A trader marks his goods 50% above the cost price and gives a 20% discount. Furthermore, he uses a false weight of 900 grams instead of 1 kg. What is his actual overall profit percentage? MCQ with Answer and Explanation
A trader marks his goods 50% above the cost price and gives a 20% discount. Furthermore, he uses a false weight of 900 grams instead of 1 kg. What is his actual overall profit percentage?
A. 25%
B. 33.33%
C. 30%
D. 40%
Answer: Option B
Solution (By JKSSB Mock Tests)
Let the true Cost Price for 1000 grams be Rs. 1000. The trader gives only 900 grams, so his actual Cost Price is Rs. 900. He marks up 1000 grams to Rs. 1500 and gives a 20% discount. Selling Price = 1500 * 0.80 = Rs. 1200. Profit = 1200 - 900 = 300. Profit percentage = (300 / 900) * 100 = 33.33%.
A dishonest dealer cheats by 10% while buying and 10% while selling using false weights. He marks up his goods by 20% and gives a discount of 10%. Find his true overall profit percentage.
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