2. By selling sugar at Rs. 11 per kg, a tradesman
calculates that he will make a profit of 10%. But
through faulty scales he sells as 1 kg. What is really
0.9 kg. What profit percent does he actually make?
Answers
Given : By selling sugar at Rs. 11 per kg, a tradesman calculates that he will make a profit of 10%.
But through faulty scales he sells as 1 kg. Which is really 0.9 kg
To Find :. What profit percent does he actually make?
Solution:
Let say Cost price per kg = Rs C
Profit 10 % = (10/100)C = 0.1C Rs
Selling Price = C + 0.1C = 1.1C Rs
1.1C = 11
=> C = 10
Cost price per kg = Rs 10
he sells as 1 kg. What is really 0.9 kg
Hence Cost Price = 0.9 x 10 = 9 Rs
Selling Price = Rs 11
Profit = 11 - 9 = 2 Rs
Profit % = (2/9) * 100
= 22.22 %
He makes 22.22 % profit
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