Question

A trader has d ecided to s ell all his goods at a profit of 20%. Wri te a progra m that pr ompts th e trader to typ e-in th e pur chase-price of an arti cl e and cal culates : (a) The amount at which the articl e is to be s old to ear n the 20% pro fit. (b) The amount of pr ofit earned on that arti cle.

Answer 1

Answer:

2.22%

Explanation:

The trader professes to sell his goods at a loss of 8%.

Therefore, selling price =(100−8)% of cost price

or SP =0.92CP

But, when he uses weights that measure only 900 grams while he claims to measure 1kg.

Hence, CP of 900 grams =0.90× Original CP

So, he is selling goods worth 0.90CP at 0.92CP

Therefore, he makes a profit of 0.02 CP on his cost of 0.9 CP

Profit %=

0.900.92−0.90×100=2.22%