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## #1 2015-04-17 05:02:22

### Percentage Profit Earn:

**Question:**

A dishonest dealer marks up the price of his goods by 20% and gives a discount of 10% to the customer. Besides, he also cheats both his supplier and his buyer by 100 grams while buying or selling 1 kilogram. Find the percentage profit earned by the shopkeeper?

**Option A):**

25%**Option B):**

32%**Option C):**

20%**Option D):**

46.66%

**Correct Answer is Option B):**

32%

**Explanation:****While buying,**

He buys 1100 gram instead of 1000gram.

Suppose he bought 1100 grams for ₹ 1000.

**While selling,**

He sells only 900 grams when he takes the money for 1 kg.

Now, according to the problem,

he sells at a 8% profit (20% markup, 10% discount).

Hence, his selling price is ₹ 1080 for 900 grams.

Now,

1100grams for ₹ 1000

Hence, 1188 grams for ₹ 1080

Selling: 900 grams for ₹ 1080.

Hence, % profit = 288/900 = 32%.

(using goods left by goods sold formula).

You cannot discover the new oceans unless you have the courage to lose the sight of the shore.

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## 2015-04-17 05:02:22

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### Re: Percentage Profit Earn:

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