imagine you are a grocery owner do you take a help of profit and loss percentage in your transaction now onward? create a short blog on the basis of profit and loss
Answers
Answer:
It is given that initially, the shopkeeper gives only 800 gm instead of 1 kg means he earns 200 gm profit on selling 800 gm sugar. So, he earns 25% profit by altering the weight along with he marked up the price by 20% means his overall profit can be calculated by successive i.e. 25+20+(20×25)/100=50%. But now shopkeeper sells the goods at Rs 16 per kg after giving 20% discount means the actual cost price of 1 kg sugar is 16/80×100=20. And earlier shopkeeper was gaining 50% profit on this product means the price of this quantity before raid would be 20×1.5 = 30Rs.
Eg8: A shopkeeper normally makes a profit of 20% in a certain transaction; he weighted 900 gm instead of 1 kg due to an error in weight machine. If he charges 20% less what he normally charges, what is his actual profit or loss percentage?
Solution:
Let the cost of 1 kg of goods is Rs. 100 but shopkeeper charges Rs. 120 to the customer. But now shopkeeper is giving only 900 grams to a customer that cost him at Rs. 90 but he gives 20% discount on his previous selling price i. e. 80/100×120 = 96.
Profit Percentage = (96-90)/90×100=20/3%
As you can see the concept is quite easy but we have to decide approach before starting the question, you will face similar problems in the exam where you have to decide what is the Indicated weight and Actual weight. You will get more idea of these types of questions you need to practice through past year CAT papers. This is a very important concept in Profit and Loss. Hopefully, I am able to explain the concept clearly.
Explanation:if i would be the owner of a grocerry store then i may follow the above one process if u think it is helpful than plz mark as brainlist and leave a like plz plz plz ........