A dishonest dealer marks his goods at 40% higher than the original price and also uses a weight of 800gm instead of a kg weight. Find his profit percentage.
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75%
Step-by-step explanation:
A dishonest dealer marks his goods at 40% higher than the original price and also uses a weight of 800gm instead of a kg weight. Find his profit percentage.
Let say Cost Price of 1 kg ( 1000 gm) = C
Then Marked Price = C + (40/100)C = 1.4C
uses a weight of 800gm instead of a kg weight
Selling Price for 800 gm = 1.4C
=> Selling Price for 1000gm = (1.4C/800)*1000 = 1.75C
Profit = 1.75C - C = 0.75C
Profit % = (0.75C/C) * 100 = 75%
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