A shopkeeper marks up his goods by 35% and gives a discount of 20%. Apart from this, he uses a fault

M4maths Previous Puzzles

30 Oct 2018 Profit & Loss

A shopkeeper marks up his goods by 35% and gives a discount of 20%. Apart from this, he uses a faulty balance also, which reads 1000 gm for 850 gm. What is his net profit percentage?

OPtion

1) 27.50
2) 25.50
3) 23.00
4) 22.06
5) 21.05
6) 27.06
7) 20.75
8) 19.77
9) 18.66
10) None of these

Solution

Let CP of 1000gm goods be Rs. 100
Then CP of 850 gm good is Rs 85

SP without discount is 35% of CP = 135
SP with 20% discount = 135 - 27 = Rs. 108

Now, shopkeeper is giving 850 gm of good instead of 1000gm
So CP = 85 and SP = 108

Profit = 108 - 85 = 23
Profit% = (23/85)*100 = ~ 27.06%

Correct Option: 6 Best Solution (0)