Practicing Success
A shopkeeper sells his items using a faulty balance which measures 25% less. He then marks up his items 15% above the cost price. If he also gives a discount of 10%, then find his net profit percentage on 1 kg items. |
32% 41% 44% 38% |
38% |
Let all the quantity/Total = 1000 ATQ, ActualCost of quantity Total MP SP 750(25%Less)-------------1000 ------+15%-----1150-----(-10%)----1035 Profit = 1035 - 750 = 285 Profit% = \(\frac{285 × 100}{750}\) = 38% |