Question
A trader cheats by using a weighing scale that shows 1
kg while actually giving only 900 grams. He also marks up the goods by 25% and then gives a 10% discount. What is his profit percentage?Solution
ATQ,
Let the quantity of goods sold = 1000 grams
Let the price of goods be Rs. x per gram
Marked price = 1000x × 1.25 = Rs. 1250x
Selling price = 1250x × 0.9 = Rs. 1125x
Cost price = 900x
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
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