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A shopkeeper marks his goods 40% above t...

A shopkeeper marks his goods 40% above the CP and gives 25% discount to customer. At the time of selling the goods he uses 800 gm weight instead of 1 kg. Find his profit %.

A

0.2225

B

0.2323

C

0.3125

D

0.3325

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the cost price, marked price, selling price, and finally the profit percentage. ### Step 1: Assume the Cost Price (CP) Let’s assume the cost price (CP) of 1 kg (1000 grams) of goods is ₹1000. ### Step 2: Calculate the Marked Price (MP) The shopkeeper marks his goods 40% above the CP. - Marked Price (MP) = CP + 40% of CP - MP = 1000 + (40/100) * 1000 - MP = 1000 + 400 = ₹1400 **Hint:** To find the marked price, remember to add the percentage increase to the original cost price. ### Step 3: Calculate the Selling Price (SP) after Discount The shopkeeper gives a 25% discount on the marked price. - Discount = 25% of MP - Discount = (25/100) * 1400 = ₹350 - Selling Price (SP) = MP - Discount - SP = 1400 - 350 = ₹1050 **Hint:** To find the selling price after discount, subtract the discount amount from the marked price. ### Step 4: Calculate the Effective Selling Price for 800 grams Since the shopkeeper uses 800 grams instead of 1 kg, we need to find the effective selling price for 800 grams. - Selling Price for 800 grams = SP (for 1 kg) * (800/1000) - Selling Price for 800 grams = 1050 * (800/1000) = ₹840 **Hint:** When calculating the selling price for a different weight, multiply the selling price by the ratio of the actual weight sold to the standard weight. ### Step 5: Calculate the Cost Price for 800 grams Now, we need to find the cost price for 800 grams. - Cost Price for 800 grams = CP (for 1 kg) * (800/1000) - Cost Price for 800 grams = 1000 * (800/1000) = ₹800 **Hint:** Similar to selling price, calculate the cost price for the weight sold by using the ratio of the actual weight to the standard weight. ### Step 6: Calculate Profit Profit = Selling Price - Cost Price - Profit = 840 - 800 = ₹40 **Hint:** Profit is simply the difference between the selling price and the cost price. ### Step 7: Calculate Profit Percentage Profit Percentage = (Profit / Cost Price) * 100 - Profit Percentage = (40 / 800) * 100 = 5% **Hint:** To find the profit percentage, divide the profit by the cost price and multiply by 100. ### Final Answer The profit percentage is **5%**.
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