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hasnain

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From: Chichawatni

Registered: 2014-10-13

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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%.

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