Dishonest shopkeeper formula
WebA dishonest merchant shows he is selling the product on cost price in the welfare of customer but in that he reduced its weight. For example, if shopkeeper sells a 1-liter … WebCheating at the time of selling = 14.28% = 1/7. The shopkeeper gives 6 units instead of 7 units. Cheating at the time of buying = 28.57% = 2/7. The shopkeeper gets 9 units instead of 7 units. Loss of the shopkeeper = 12.5% = 1/8. The shopkeeper suffered loss of 1 unit in 8 units. The shopkeeper invested for (6 × 7 × 8) units and got (7 × 7 ...
Dishonest shopkeeper formula
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WebA dishonest shopkeeper uses 990 g weight instead of 1 kg. Neha went to the shopkeeper and asked him to give $\\dfrac {5} {2}$ kg sugar. Fraction of sugar he cheated of is … WebA shopkeeper sells his items using a faulty balance which measures 25% less. He then marks up his items 15% above the cost price. If he also gives a discount of 10%, then …
WebA dishonest merchant sells his grocery using weights 15% less than the true weights and makes a profit of 20%. What is his total gain percentage? Profit 20% by using 15% less weight Mean profit 120 and weight 85 120/85=24/17=1.41 He maked profit of about 41% 10 Sponsored by Toptal Hire tech experts in 48 hours and finish your projects faster. WebExample: A dishonest dealer sells goods at 10% loss on cost price but uses 20% less weight. Calculate profit or loss percent. Solution: Apply formula: { (20-10)/ (100-20)} x …
WebApr 6, 2024 · Hint: First given that the shopkeeper sells sugar at his cost price but uses a false weight of $950g$ for $1kg$.The gain percentage can be measured using the formula of the profit percentage Profit $ = $ $(\dfrac{{SP - CP}}{{CP}} \times 100)\% $ where SP is the selling price of the given product and CP is the original cost price of the given sugar. WebAnswer: Let us use the formula method first: Discount = 10%, Gain = 20%, C.P. = Rs. 450, M.P. = ? M.P. = [ (100 + Gain%)/ (100 – Discount%)] × C.P. Thus we have = [ (100 + 20)/ (100 – 10)]×450 = Rs. 600 and hence the correct answer is C) Rs 600. Practice Questions: Q 1: Marked price of a table is Rs 1200.
WebSolution: Using the formula, Loss % = % = 1% A dishonest shopkeeper claims to sell goods at cost price, but uses a lighter weight, then his Gain % = Example 8: A shopkeeper sells rice to a customer, using false weights and gains 100/8 % on his cost. What weight has he substituted for a kilogram? Solution: Using the formula, Gain % =
WebApr 5, 2024 · Formulas used: P r o f i t = ( S P − C P) C P × 100 , where SP is the selling weight and CP is the cost weight. Complete step-by-step answer: We are given that A dishonest shopkeeper pretends to sell his goods at cost price but uses false weights and gains 11 1 9 % . We have to find the true weight he used for 1 kg. kpmg my officeWeb6. A dishonest shopkeeper sells his rice using weights 15% less than the true weights and makes a profit of 20%. Find his total gain percentage. a) 38%. b) 41.17%. c) 48%. d) … manulife registered pension planWebA dishonest shopkeeper, using a faculty balance makes a profit of 5% while buying as well as while selling his goods. His actual gain percent in the whole process amounts to ? Solution Let vs assume the actual value of goods =Rs x He buys them at Rs 0.95x (5% profit while buying) He sells then at Rs 1.05x (5% profit while selling) manulife request for fundsWeb1) Profit = (S.P.) > (C.P.) 2) Loss = (S.P.) < (C.P.) 3) If profit earned by selling an article is 25 %, then S.P. = 125% of C.P. 4) If an article is sold at a loss of 30 %, then S.P. = 70 % of C.P. 5) A shopkeeper sells two similar items A and B. kpmg network of women knowWebMar 4, 2024 · Given: A dishonest shopkeeper sells the rice using a weight 20% less than the true weight and makes a profit of 30%. Formula used: P = S.P – C.P P% = (P/C.P) × 100 P → Profit C.P → Cost price S.P → Selling price Calculations: Let CP of 1000 gm be Rs. 1000 So, cost price of 800 gm = 1000 × (100 – 20)/100 = Rs. 800 manulife retire choice mpf schemeWebA dishonest shopkeeper does 2% dishonesty at the time of buying and 2% dishonesty at the time of selling.find his percentage gain. Solution Let cost price of 1 unit goods = Rs.1 Suppose he purchases 100 unit goods. Then, total cost price = Rs.100 Due to cheating of 2% at the time of buying,he actually pays. 100- 2= Rs. 98. manulife registration onlineWebThe shopkeeper tells you that he sells at the rate of $c$ per gram (which is his cost price). You are buying $1000$ g. So, you pay $1000c$, unaware of his dishonesty. However, … kpmg netherlands annual report