Profit And Loss Ques 4
Question.
A seller marks the price of an item $50 \%$ above the cost price and gives $10 \%$ discount on the item. While selling he cheats a customer by giving $20 \%$ less in weight. Find his overall profit per cent (approximately)?
(1) $26 \%$
(2) $65 \%$
(3) $69 \%$
(4) $72 \%$
(5) $76 \%$
(IBPS Bank PO/MT CWE-VI (Pre), 16.10.2016 (Second Sitting))
Show Answer
Correct Answer: (3)
Solution: (3)
C.P. of item $=$ Rs. $100 / kg$.
Marked price $=$ Rs. 150
S.P. $=\frac{150 \times 90}{100}=$ Rs. 135
$\because$ S.P. of $800 gm=$ Rs. 135
$\therefore$ S.P. of $1000 gm$ $=\frac{135}{800} \times 1000=$ Rs. 168.75
$\therefore$ Gain per cent $\approx 69 \%$
BETA
