A cloth merchant cheats his supplier and his cus-
tomer to the tune of 20% while buying and selling
cloth respectively. He professes to sell at the cost
price but also offers a discount of 20% on cash pay-
ment, what is his overall profit percentage?
Answers
Answer:
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Step-by-step explanation:
A trader cheats both his supplier and customer by using faulty weights. When he buys from the supplier, he takes 10% more than the indicated weight. When he sells to his customer, he gives the customer a weight such that 10% of that is added to the weight, the weight claimed by the trader is obtained. If he charges the cost price of the weight that he claims, find his profit percentage.
A. 20%
B. 21%
C. 21.33%
D. 22.109%
E. 23%
Answer-20℅
Step-by-step explanation:
He buys 120kg in 100Rs.(simplified in 100 because of percentage).
Then he sells 80kg in 100rs as he cheats the customer for 20℅.
So, 120kg is sold in 150 rs.
20% discount make it for 120 rupees.
CP-100
SP-120.
Profit%= 20℅