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Sunny marks up his goods by 40% and gives a discount of 10%. Apart from this, he uses a faulty balance which reads 800 gms for 1000 gms. What is his net profit/ loss percentage?
- a)8%
- b)57.2%
- c)37.6%
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Sunny marks up his goods by 40% and gives a discount of 10%. Apart fro...
I think its B.
Cp. Sp
40% markup. 5 7
10% discount. 10 9
cheats 25%. 4 5
hence. 40 63
profit%= (23/40)*100 =57.5
Cp. Sp
40% markup. 5 7
10% discount. 10 9
cheats 25%. 4 5
hence. 40 63
profit%= (23/40)*100 =57.5
Community Answer
Sunny marks up his goods by 40% and gives a discount of 10%. Apart fro...
Calculating Net Profit/Loss Percentage
To calculate Sunny's net profit/loss percentage, we need to consider the different factors that affect his overall profit margin. Let's break it down step by step:
1. Mark-up Percentage:
Sunny marks up his goods by 40%. This means the selling price is 140% of the cost price.
2. Discount Percentage:
He gives a discount of 10% on the selling price. This reduces the selling price by 10%.
3. Faulty Balance:
The faulty balance reads 800 gms for 1000 gms. This means he is actually selling 800 gms but showing it as 1000 gms.
4. Calculating Profit/Loss:
Let's assume the cost price of the goods is $100.
- Mark-up price = $100 + 40% of $100 = $140
- Selling price after mark-up = $140
- Selling price after discount = 90% of $140 = $126
- Actual quantity sold = 800 gms
- Effective selling price per 1000 gms = $126 * (1000/800) = $157.50
5. Net Profit/Loss Percentage:
Profit = Selling price - Cost price
= $157.50 - $100 = $57.50
Net profit percentage = (Profit/Cost price) * 100
= ($57.50/$100) * 100
= 57.5%
Therefore, Sunny's net profit percentage is 57.5%. The closest option provided is 8%, which is incorrect based on the calculations.
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Sunny marks up his goods by 40% and gives a discount of 10%. Apart from this, he uses a faulty balance which reads 800 gms for 1000 gms. What is his net profit/ loss percentage?a)8%b)57.2%c)37.6%d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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