MBA Exam

A shopkeeper normally makes a profit of 20%.in a certain transaction,he weighed 900 gm instead of 1 kg without his knowledge due to an error in the weighing scale.if he charges 20% less than what he normally charges,what is his actual profit or loss percentage?pl. provide sol.

1) 6 2/3% profit
2) 6 2/3% loss
3) 10% loss
4) 10% profit

Read Solution (Total 1)

Let CP of 1000 gm item = Rs 1000
Then CP of 900 gm item = Rs 90.
Normally He is selling 900gms item for Rs 120.
After discount of 20% on normal price, he is charging Rs 96 for 900 gm item.

profit % = 100*6/90= 20/3= 6 2/3 % profit
11 years agoHelpfull: Yes(2) No(0)

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