Question
A dishonest shopkeeper sells rice at a cost price but
makes a 25% profit by using faulty weights. He decides to give a discount to attract more customers. What per cent of discount should he offer to make 10% profit?Solution
Let the CP =100 SP at the rate of 25% profit =100×125/100 =125. New SP =100×110/100 =110. Discount =125-110=15. Discount Percent =15/125 ×100 =12%
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