Multiple choice

A dishonest trader marks up his goods by 80% and gives a discount of 25%. Besides, he gets 20% more amount per kg from a wholesaler and sells 10% less per kg to customers. What is the overall profit percentage?

  1. 80%

  2. 75%

  3. 60%

  4. 50%

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Assume CP = Rs. 100/kg. Effective CP = 100/1.2 = 83.33/kg (gets 20% extra). MP = 180. SP after discount = 180 * 0.75 = 135. Effective selling quantity = 0.9kg, so effective SP = 135/0.9 = 150/kg. Profit = 150 - 83.33 = 66.67. Profit% = 66.67/83.33 * 100 = 80%.