Practicing Success
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? |
20% 32% 26% 30% |
32% |
$16\frac{2}{3}$% = \(\frac{1}{6}\) 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% |