Question

A trader is selling pulses by reducing 8% of the price,which is the normal profit and claims he has no profit in pulses. It is noticed that he is reducing the. weight also by 8% The CA accepted this and agreed for adopting 8% profit . In this case, what is the actual profit the trader is getting ?​

Answer 1

Answer:

2.22%

Step-by-step 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 %=

0.90

0.92−0.90

​  

×100=2.22%

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