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A dishonest dealer marks his goods 20% above the cost price. He gives discount of 10% to the customer on the market price and makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling . find the percentage profit earned by the shopkeeper.?
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A dishonest dealer marks his goods 20% above the cost price. He gives ...
Solution:
Given data:
Marked price = 120% of Cost price
Discount = 10%
Weight used = 900 g instead of 1 kg
Let the cost price of a product be Rs. 100.
Marked price = 120% of 100 = Rs. 120
Selling price after discount = 90% of 120 = Rs. 108
Hence the shopkeeper is selling Rs. 108 worth of goods but buying it for Rs. 100.
Profit made by the shopkeeper:
Profit = Selling Price - Cost Price = Rs. 108 - Rs. 100 = Rs. 8
Percentage profit earned by the shopkeeper:
Profit percentage = (Profit / Cost price) x 100
= (8/100) x 100
= 8%
Effects of dishonest practices:
1. Marking up prices: By marking up prices, the dealer tries to make a profit by selling goods at a higher price than their actual cost. This leads to the customer paying more than necessary for the goods.
2. Offering discounts: By offering discounts, the dealer tries to attract customers by making them feel that they are getting a good deal. However, in reality, the discount is not enough to offset the marked-up price.
3. False weight: By using a false weight, the dealer cheats the customer by giving them less than what they paid for. This leads to the dealer making an even higher profit.
Conclusion:
The dishonest practices used by the dealer are unethical and unfair to the customer. It is important for customers to be aware of such practices and always check the weight and price of goods before making a purchase.
Given data:
Marked price = 120% of Cost price
Discount = 10%
Weight used = 900 g instead of 1 kg
Let the cost price of a product be Rs. 100.
Marked price = 120% of 100 = Rs. 120
Selling price after discount = 90% of 120 = Rs. 108
Hence the shopkeeper is selling Rs. 108 worth of goods but buying it for Rs. 100.
Profit made by the shopkeeper:
Profit = Selling Price - Cost Price = Rs. 108 - Rs. 100 = Rs. 8
Percentage profit earned by the shopkeeper:
Profit percentage = (Profit / Cost price) x 100
= (8/100) x 100
= 8%
Effects of dishonest practices:
1. Marking up prices: By marking up prices, the dealer tries to make a profit by selling goods at a higher price than their actual cost. This leads to the customer paying more than necessary for the goods.
2. Offering discounts: By offering discounts, the dealer tries to attract customers by making them feel that they are getting a good deal. However, in reality, the discount is not enough to offset the marked-up price.
3. False weight: By using a false weight, the dealer cheats the customer by giving them less than what they paid for. This leads to the dealer making an even higher profit.
Conclusion:
The dishonest practices used by the dealer are unethical and unfair to the customer. It is important for customers to be aware of such practices and always check the weight and price of goods before making a purchase.
Community Answer
A dishonest dealer marks his goods 20% above the cost price. He gives ...
Let c.p = 100. After discount of 10% on 20% above the c.p . S.P = 108. But he sold 900g product at cost of 1000g. so, he will also get complete profit(c.p + profit) of 100g product. profit% = 100 × 8/100 + 100 × 100/1000 = 8 + 10 = 18%
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A dishonest dealer marks his goods 20% above the cost price. He gives discount of 10% to the customer on the market price and makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling . find the percentage profit earned by the shopkeeper.?
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A dishonest dealer marks his goods 20% above the cost price. He gives discount of 10% to the customer on the market price and makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling . find the percentage profit earned by the shopkeeper.? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about A dishonest dealer marks his goods 20% above the cost price. He gives discount of 10% to the customer on the market price and makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling . find the percentage profit earned by the shopkeeper.? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dishonest dealer marks his goods 20% above the cost price. He gives discount of 10% to the customer on the market price and makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling . find the percentage profit earned by the shopkeeper.?.
A dishonest dealer marks his goods 20% above the cost price. He gives discount of 10% to the customer on the market price and makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling . find the percentage profit earned by the shopkeeper.? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about A dishonest dealer marks his goods 20% above the cost price. He gives discount of 10% to the customer on the market price and makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling . find the percentage profit earned by the shopkeeper.? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dishonest dealer marks his goods 20% above the cost price. He gives discount of 10% to the customer on the market price and makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling . find the percentage profit earned by the shopkeeper.?.
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