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Lalit marks up his goods by 40% and gives a discount of 10%. Apart from this, he uses a faulty balance also, which reads 1000 gm for 800 gm. What is his net profit percentage if customer buys 1 kg from lalit?
Lalit marks up his goods by 40% and gives a discount of 10%. Apart from this, he uses a faulty balance also, which reads 1000 gm for 800 gm. What is his net profit percentage if customer buys 1 kg from lalit?
1). 59.7%
2). 57.5%
3). 67.9%
4). 64.2%
1). 59.7%
2). 57.5%
3). 67.9%
4). 64.2%
This Question has 1 answers.
Let us assume his CP/kg = Rs. 100
⇒ His SP/kg = Rs. 126
⇒ His Actual CP/kg = Rs. 80 (? he uses faulty balance)
⇒ Profit = Rs. 46
⇒ profit percentage = 46/80 x 100 = 57.5%
∴ Profit percentage is 57.5%Similar Questions
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