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#1 2015-04-17 05:23:06
Overall Profit Percentage:
Question:
A dishonest trader marks up his goods by 80% and gives discount of 25%. Besides he gets 20% more amount per kg from wholesaler and sells 10% less per kg to customer. What is the overall profit percentage?
Option A):
50%
Option B):
70%
Option C):
80%
Option D):
60%
Correct Answer is Option C):
80%
Explanation:
CP = 100/120 = 10/12 [Since, he purchases 120 g and pays Rs. 100, by assumption actual CP of 1 g = Re. 1]
SP = 135/90 = 3/2 = 18/15 [Since, Actual MP = 180 as he mark Up 80% above, SP = 135, with 25% discount and he sells 90 g instead of 100g]
Percentage Profit = {[(18/12) - (10/12)] /(10/12)} *100 = 80%.
Failure is the first step towards seccess.
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2015-04-17 05:23:06
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