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A dishonest shopkeepr makes a cheating o...

A dishonest shopkeepr makes a cheating of 10% at the time of buying the goods 10% cheating at the time of selling the goods, Find the profit %.

A

0.25

B

0.28

C

0.21

D

0.32

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of the dishonest shopkeeper who cheats 10% while buying and 10% while selling, we can break it down step by step. ### Step 1: Understand the Buying Price Let's assume the cost price (CP) of the goods is 100 rupees. Since the shopkeeper cheats by 10% while buying, he actually pays only 90% of the cost price. **Calculation:** - Effective cost price = CP - (10% of CP) - Effective cost price = 100 - (10/100 * 100) - Effective cost price = 100 - 10 = 90 rupees ### Step 2: Understand the Selling Price Now, when the shopkeeper sells the goods, he again cheats by 10%. He sells the goods at 110% of the marked price (which is based on the effective cost price). **Calculation:** - Selling Price (SP) = Effective cost price + (10% of Effective cost price) - Selling Price = 90 + (10/100 * 90) - Selling Price = 90 + 9 = 99 rupees ### Step 3: Calculate the Profit Now we can calculate the profit made by the shopkeeper. **Calculation:** - Profit = Selling Price - Effective Cost Price - Profit = 99 - 90 = 9 rupees ### Step 4: Calculate the Profit Percentage To find the profit percentage, we use the formula: **Profit Percentage = (Profit / Effective Cost Price) * 100** **Calculation:** - Profit Percentage = (9 / 90) * 100 - Profit Percentage = 0.1 * 100 = 10% ### Final Answer The profit percentage of the dishonest shopkeeper is **10%**. ---
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