A shopkeeper marks his goods 25% above the cost price and gives 20% discount to customers. At the time of selling the goods, he uses 800 gm weight instead of 1 kg, and at the time of buying the goods, he uses 1200 gm instead of 1 kg. Find his profit?
Answer & explanation
Correct answer: option 4
Profit → \(\frac{1}{2}\) × 100% = 50%
Say, CP of 1000 gm goods = ₨. 100
The original CP of1200 gm = ₨. 100,
Marked price = ₨. 125
Discount = 20%
SP = 125 x \(\frac{6}{5}\) = 150
SP of 800 gm = ₨. 150
To make quantities equal,
Actual CP = ₨. 100 x 8 = ₨. 800
Actual SP = ₨. 150 x 12 = ₨. 1800
Profit = 1800 - 800 = 1000
Profit% = \(\frac{1000}{800}\) x 100 = 125%