Question

A trader has a weighing balance that show 1050 gm
for a kilogram. He further marks up his cost price
by 20 percent. The net profit percentage is
(1) 20%
(2) 26%
(3) 32%
(4) 16%

Answer 1

Cost price of 1200 gms = S. P of 1000 gms

= 12, 000 (say)

C . P of 1 gm = 10

∴

 Profit = 20%

Again he marks up his cost price by 10%

∴

 Net profit percentage = 10 20 

(10∗20)100=32