Question

What is the percentage of profit earned by shopkeeper if he earns 10% of the product weight in weighing and 10% profit in pricing the product ? Timeline

Answer 1

Let the Cp be 100₹

SP be 110₹ (as profit is 10%)

But he gave only 10% as he was using less weight

So the effective cp would be 90₹

Profit is 20₹ of 90₹

Therefore profit %

=20/90*100

=22.22%

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