What is the profit percentage of a dishonest cloth merchant who uses a scale which measures $16\frac{2}{3}$% less than what is marked on it, and also sells at a price 10% higher than the cost price?
Answer & explanation
Correct answer: option 2
$16\frac{2}{3}$% = \(\frac{1}{6}\)
10% = \(\frac{1}{10}\)
Let all quantity in price=
CP SP
Measurement = 5 6
Cost = 10 11
———————————————
50 66
Profit % = ( 66 - 50 ) × \(\frac{100}{50}\) = 32%