A shopkeeper professes to sell his goods at c | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(B) Let the cost price $(C.P.)$ of $1 	ext{ g}$ be $₹ 1$.Therefore,the $C.P.$ of $930 	ext{ g}$ is $₹ 930$.The shopkeeper sells $930 	ext{ g}$ of g

Vedclass · Accepted Answer

$7.52$

Vedclass · Answer

(B) Let the cost price $(C.P.)$ of $1 	ext{ g}$ be $₹ 1$.Therefore,the $C.P.$ of $930 	ext{ g}$ is $₹ 930$.The shopkeeper sells $930 	ext{ g}$ of goods but charges for $1000 	ext{ g}$ $(1 	ext{ kg})$.Selling Price $(S.P.)$ of $930 	ext{ g}$ is $₹ 1000$.Profit = $S.P. - C.P. = 1000 - 930 = ₹ 70$.Profit percentage = $\left( \frac{	ext{Profit}}{C.P.} ight) 	imes 100 = \left( \frac{70}{930} ight) 	imes 100$.Profit percentage = $\frac{700}{93} \approx 7.526 \% \approx 7.53 \%$.Rounding to the nearest option,the profit percentage is $7.52 \%$.

$A$ shopkeeper professes to sell his goods at cost price but uses a $930 \text{ g}$ weight instead of $1 \text{ kg}$ weight. What will be the profit percentage of the shopkeeper (in $\%$)?

Similar Questions

$A$ shopkeeper sold an article at the rate of $Rs. 35$ per article and earned a profit of $40\%$. At what price should each article have been sold to earn a profit of $60\%$?

$A$ trader marked the selling price of an article at $10 \%$ above the cost price. At the time of selling,he allows a certain discount and suffers a loss of $1 \%$. He allowed a discount of $\%$:

Peter purchased a machine for $Rs. 80000$ and spent $Rs. 5000$ on repairs and $Rs. 1000$ on transport,then sold it with a $25\%$ profit. At what price did he sell the machine? (in $Rs$)

Three successive discounts of $10 \%$,$12 \%$,and $15 \%$ are equivalent to a single discount of what percentage (in $\%$)?

Anil bought an item with $12 \frac{1}{2} \%$ discount on the labelled price. He sold the item with $17 \frac{1}{2} \%$ profit on the labelled price. What was his percent profit on the price he bought?

Vedclass Test Series

Exam Paper Generator

Online Exam Module