Question

A shopkeeper marks up his goods by 20% and then gives a discount of 20%. besides he cheats both his supplier and customer by 100 g, i.e., he takes 1100 g from his supplier and sells only 900 g to his customer. what is his net profit percentage? (rounded off to two decimal points)

Answer 1

Answer:

17.33%

Explanation:

Let CP = 100

So, MP = 120 and SP = 96

SP for 900 gm is Rs. 96.

According to the question, shopkeeper buys from his supplier 1100 gm for Rs. 100.

For such question, we have to equate either Weight Or Amount.

Here we are going to equate weight

Therefore, 100 1100

? 900

(900*100)/1100 = 81.81

CP for 900 gm is 81.81

So, Profit% = (96-81.81)*100 / 81.81 = 17.34%