Home
Class 14
MATHS
A shopkeeper marks his goods at 20% more...

A shopkeeper marks his goods at 20% more and offers discount of 10%. And weights 100gm less. Find his over all profit %.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the overall profit percentage based on the information provided. ### Step 1: Determine the Cost Price (CP) Assume the cost price of 1000 grams of the item is ₹1000. ### Step 2: Calculate the Marked Price (MP) The shopkeeper marks his goods at 20% more than the cost price. - Marked Price (MP) = Cost Price + 20% of Cost Price - MP = ₹1000 + (20/100) * ₹1000 - MP = ₹1000 + ₹200 = ₹1200 ### Step 3: Calculate the Selling Price (SP) after Discount The shopkeeper offers a discount of 10% on the marked price. - Discount = 10% of Marked Price - Discount = (10/100) * ₹1200 = ₹120 - Selling Price (SP) = Marked Price - Discount - SP = ₹1200 - ₹120 = ₹1080 ### Step 4: Adjust for Weight The shopkeeper sells 900 grams instead of 1000 grams. Since the cost price for 1000 grams is ₹1000, the cost price for 900 grams is: - Cost Price for 900 grams = (900/1000) * ₹1000 = ₹900 ### Step 5: Calculate Profit Now, we can calculate the profit made by the shopkeeper. - Profit = Selling Price - Cost Price for 900 grams - Profit = ₹1080 - ₹900 = ₹180 ### Step 6: Calculate Profit Percentage To find the overall profit percentage, we use the formula: - Profit Percentage = (Profit / Cost Price) * 100 - Profit Percentage = (₹180 / ₹900) * 100 = 20% ### Final Answer The overall profit percentage is **20%**. ---
Promotional Banner

Topper's Solved these Questions

  • PROFIT & LOSS

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise Questions|200 Videos
  • PIPE & CISTERN

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise QUESTIONS|40 Videos
  • QUADRILATERAL

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise EXERCISE|48 Videos

Similar Questions

Explore conceptually related problems

A shopkeeper marks his goods at 20% more and offers discount of 10%. He cheats to the extent of 10% while buying as well as selling by using false weight. Find his over all profit %.

A shopkeeper marks his goods at 20% above the cost price and gives a discount of 10% on marked price.If his gain is Rs 48, find the cost price of good.

A shopkeeper marks his goods 20% above cost price, but allows 30% discount for cash. His net loss is :

A shopkeeper marks his goods 20% higher than the cost price and allows a discount of 5% .The percentage of his profit is

A shopkeeper marks his goods 50% above the cost price.If he gives a discount of 10%, then find his gain percent.

A shopkeeper marks up his goods by 20% and then gives a discount of 20%. Besides he cheats both his supplier and customer by 100 grams i.e., he takes 1100 gram from his supplier and sells only 900 grams to his customer. What is his net profit percentage?

ADVANCED MATHS BY ABHINAY MATHS ENGLISH-PROFIT & LOSS-Questions
  1. A shopkeeper marks his goods at 20% more and offers discount of 10%. A...

    Text Solution

    |

  2. On selling an article for Rs. 1470 a man gets profit of 22.5%. Find th...

    Text Solution

    |

  3. On selling an article for Rs. 155 a man bears loss of 16(2)/(3)%. Find...

    Text Solution

    |

  4. In selling an article for Rs. 76, there is a profit of 52%. If it is s...

    Text Solution

    |

  5. If books bought at price from Rs. 150 to Rs. 300 are sold at prices ra...

    Text Solution

    |

  6. Loss incurred by selling an article for Rs 600 is equal to profit gain...

    Text Solution

    |

  7. Loss incurred by selling an article for Rs 550 is equal to half of the...

    Text Solution

    |

  8. The profit earned when an article is sold for Rs. 800 is 20 times the ...

    Text Solution

    |

  9. Loss incurred by selling an article for Rs 800 is 23% more than profit...

    Text Solution

    |

  10. Ratio of Loss incurred by selling an article for Rs 820 and profit gai...

    Text Solution

    |

  11. The ratio of cost price and selling price is 5 : 4, the loss percent i...

    Text Solution

    |

  12. The selling price of an article is 8/5 th of its cost price. Then the ...

    Text Solution

    |

  13. Selling price of 25 articles is equal to cost price of 20 articles. Fi...

    Text Solution

    |

  14. If the cost price of 25 articles is equal to the selling price of 35 a...

    Text Solution

    |

  15. If the total cost of 73 articles having equal cost is Rs 5, 110 and th...

    Text Solution

    |

  16. On selling 23 articles a person gains profit equal to selling price of...

    Text Solution

    |

  17. On selling 25 articles a person incurred loss equal to cost price of 5...

    Text Solution

    |

  18. On selling 17 articles for Rs 720 a person incurred loss equal to cost...

    Text Solution

    |

  19. Cost price of 19 articles is Rs 625. By selling these articles A perso...

    Text Solution

    |

  20. The cost price of 16 apples is equal to the selling price of 10 apples...

    Text Solution

    |

  21. A person bought some articles at rate of 11 for Rs 10 and sold them at...

    Text Solution

    |