1. A seller marks the price 50% above the cost price and gives 10% discount on an item.While selling, he cheats customer by giving 20% less in weight. Find his overall profit percent (approximate) ?
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By: anil on 05 May 2019 01.35 am
Let the cost price be Rs 100 and amount of product be 100 gm Now there is 50% markup so the marked price becomes Rs 150 Now after 10% discount on Marked price the selling price = Rs (150 - 15) = Rs 135 Now it is said that he only sale 80 % of the quantity So, he is selling 80 gm in 135 Rs which means SP of 1 gm is = Rs 1.6875 Cost price of 1 gm = Rs 1 So profit percentage is 68.75 % ~ 68%
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