Question
A dishonest trader gains 5% while purchasing a
refrigerator and again gains 5% while selling it. What is his overall profit percentage?Solution
Let the actual price of refrigerator = ₹100
CP of refrigerator = 100*95/100 = ₹95
SP of refrigerator = 100*105/100 = ₹105
Profit percentage = [(105 – 95)/95]*100 = 10.5%
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