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#1 2015-04-17 04:56:20
Marks Up Price:
Question:
A dishonest dealer marks up the price of his goods by 20% and gives a discount of 10% to the customer. He also uses a 900 gram weight instead of a 1 kilogram weight. Find his percentage profit due to these maneuvers?
Option A):
20%
Option B):
8%
Option C):
16%
Option D):
12%
Correct Answer is Option A):
20%
Explanation:
He sells only 900 grams when he takes the money for 1 kg.
And:
He sells at a 8% profit (20% markup, 10% discount).
Hence, his selling price is Rs. 108 for 900 grams.
% profit = (18/90)*100 = 20%.
Failure is the first step towards seccess.
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2015-04-17 04:56:20
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