A salesman defrauds by means of a false measure to the tune of 20% in buying and also defrauds to the tune of 25% in selling. Find his overall % gain.
Answers
Answer:50%
Step-by-step explanation:
The Total Gain Percent is 50%
Step-by-step explanation:
Let us assume the initial amount owing for defrauding be Rs. 100 /-
Condition - I
During buying, the defraud measured is Rs. 20 /- which is calculated as 100% of 20 = Rs. (20 x 100)/100
= Rs. 20 /-
Condition - II
Defraud into selling 25% = 25% of 120
= (25 x 120)/100
= Rs. 30 /-
Total Defraud as per above calculations = Rs. (100 + 20 +30)
= Rs. 150 /-
Defraud Observed = Total Defraud amount - Primary Amount of Deposition
= 150 - 100
= Rs. 50 /-
Hence, Percentage Defraud = (50 x 100)/100
= 50%
So, Total Gain percent is 50%