Question

A shopkeeper marks the price of his goods at 50% above

Q: Answer-A shopkeeper marks the price of his goods at 50% above the cost price. He offers a discount of x% on...

Assume cost price CP of 1 kg of the commodity Rs 100. Marked price MP 50 above CP 100 1.5 Rs 150 He claims to sell 1 kg but gives only 900 g 0.9 kg. Selling price SP of 1 kg claimed after x discount MP 1 x100 1501 x100 This is the amount received for 0.9 kg of goods. So SP per kg actually 1501 x100 0.9 Profit 40 on cost price of Rs 100 SP per kg must be Rs 140 Thus 1501 x100 0.9 140 150 0.9 150 109 15009 5003 So 50031 x100 140 1 x100 140 3 500 420 500 0.84 x100 1 0.84 0.16 x 16 So the required discount 16.

the cost price. He offers a discount of x% on the marked price, but he also gives 10% less quantity than what he claims (i.e., he gives 900 g instead of 1 kg when selling “1 kg”). If his overall profit percentage (on actual cost price) is 40%, what is the value of x?

A 18%

B 22%

C 12%

D 16%

E None of these

Practice Next

More Profit and loss Questions