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A dishonest shopkeeper takes 25% more th...

A dishonest shopkeeper takes 25% more than the indicated weight when he purchases the items from the dealer. He gives 25% less than the indicated weight to his customer at the cost price, then find the profit percentage of the shopkeeper.

A

A)`44.44%`

B

B)`66.67%`

C

C)`50.55%`

D

D)`37.75%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will analyze the situation involving the dishonest shopkeeper's purchasing and selling practices. ### Step 1: Understand the purchasing scenario The shopkeeper takes 25% more than the indicated weight when purchasing from the dealer. - If the indicated weight is considered as 4 units, the weight he actually takes from the dealer is: \[ \text{Weight taken} = 4 + 25\% \text{ of } 4 = 4 + 1 = 5 \text{ units} \] **Hint:** Remember that taking 25% more means you add 25% of the original amount to itself. ### Step 2: Understand the selling scenario When selling, the shopkeeper gives 25% less than the indicated weight to the customer at the cost price. - If the indicated weight is 4 units, the weight he actually sells to the customer is: \[ \text{Weight sold} = 4 - 25\% \text{ of } 4 = 4 - 1 = 3 \text{ units} \] **Hint:** When giving less weight, subtract 25% of the original amount from itself. ### Step 3: Determine the cost price and selling price - The cost price (CP) for the shopkeeper for 5 units (the weight he bought) is based on the price for 4 units. Let's assume the cost price for 4 units is 4 currency units. Therefore, the cost price for 5 units is: \[ \text{Cost Price} = 4 \text{ currency units} \] - The selling price (SP) for the customer for 3 units (the weight he sold) is also based on the cost price for 4 units. The selling price for 3 units is: \[ \text{Selling Price} = 4 \text{ currency units} \] **Hint:** The cost price and selling price are based on the indicated weights, so adjust them according to the actual weights involved. ### Step 4: Calculate the profit Now, we can calculate the profit made by the shopkeeper: - Profit = Selling Price - Cost Price \[ \text{Profit} = 4 - 3 = 1 \text{ currency unit} \] **Hint:** Profit is simply the difference between what you sell for and what you paid. ### Step 5: Calculate the profit percentage To find the profit percentage, we use the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \] Substituting the values we have: \[ \text{Profit Percentage} = \left( \frac{1}{3} \right) \times 100 = 33.33\% \] **Hint:** Profit percentage is calculated based on the cost price, so ensure you divide the profit by the cost price before multiplying by 100. ### Final Answer The profit percentage of the shopkeeper is **33.33%**.
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