The shopkeeper cheats the customer by giving 10% less in weight. His selling price is 20%
more than the cost price. In terms of percentage how much more the customer should receive in
order to get the item at cost price?
Answers
Answer:
From Quora:
Step-by-step explanation:
Let the original quantity be 100 units.
Whilst buying, he cheats and gets a gain of 10%.
>> 100*110/100
= 110 units
*he gets 110 units for the price of 100 units*
Whilst selling, he makes a profit of 10%
= 110*110/100
= 121 units
*he sells 121 units for the price of 100 units*
Gain % = [(Gain + original number) - (Original Number)] *100/Original number
= (121–100)/100 * 100
= 21%
Step-by-step explanation:
Let the original quantity be 100 units.
Whilst buying, he cheats and gets a gain of 10%.
>> 100*110/100
= 110 units
*he gets 110 units for the price of 100 units*
Whilst selling, he makes a profit of 10%
= 110*110/100
= 121 units
*he sells 121 units for the price of 100 units*
Gain % = [(Gain + original number) - (Original Number)] *100/Original number
= (121–100)/100 * 100
= 21%
Hope it helps you....