A dishonest trader mix powder worth of Rs 100 per kg with Rs 40 per kg and labeled up 20%, also weighs 900 grams instead of 1 kg. how much discount he should give to earn a 14.28% profit?
Answers
Given : A dishonest trader mix chili powder worth of rs.100 per kg with rs.40 per kg and labeled up 20%. also weighs 900 grams instead of 1000 grams
To Find : how much discount he should give to earn a 14.28 % profit.
Solution:
A dishonest trader mix chili powder worth of rs.100 per kg with rs.40 per kg
Assuming mixture 50 : 50
Rate of 1 kg of mixture = (100 + 40)/2 = 70
Cost of 900 g = (900/1000)*70 = 63 Rs
CP = Rs 63
earn a 14.28 % profit. = 100/7 %
Profit = (100/700) * 63 = 9 Rs
SP = 63 + 9 = 72 Rs
Labelled = 100 + (20/100)* 100 = Rs 120 Per kg
Discount = 120 - 72 = 48 Rs
Discount % = (48 /120 * 100 = 40 %
He should offer 40 % Discount
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