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A dishonest dealer marks up the price of his goods by 20% and give a discount of 10% to the customer. he also uses a 900 gram weight instead of a 1kg weight. Find his percentage profit due to these maneuver.?
Most Upvoted Answer
A dishonest dealer marks up the price of his goods by 20% and give a d...
Solution:

Given data:
Mark up price = 20%
Discount given = 10%
Weight used = 900 grams
Actual weight = 1 kg

Let's consider the cost price of the dealer to be Rs. 100 for convenience.

Markup price:
The dealer marks up the price by 20%. Hence, the selling price becomes Rs. 120.

Discount given:
The dealer gives a discount of 10% on the selling price of Rs. 120. Hence, the customer pays Rs. 108.

Weight used:
The dealer uses a weight of 900 grams instead of 1 kg. Hence, the customer gets only 900/1000 of the product.

Actual selling price:
The actual selling price of the dealer becomes (108/0.9) * (1000/900) = Rs. 133.33 (approx).

Profit percentage:
Profit percentage = [(selling price - cost price)/cost price] * 100

Cost price = Rs. 100
Selling price = Rs. 133.33

Profit percentage = [(133.33 - 100)/100] * 100 = 33.33%

Hence, the dealer makes a profit of 33.33% due to these maneuvers.

Explanation:

The dealer uses two maneuvers to make a profit. Firstly, he marks up the price by 20%. This means that he increases the selling price by 20% from the cost price. Hence, he makes a profit of 20% on each product sold.

Secondly, he gives a discount of 10% to the customer. This means that he reduces the selling price by 10% from the marked up price. However, even after giving the discount, the selling price is higher than the actual selling price of the product. Hence, he still makes a profit of (selling price - cost price)/cost price * 100.

Lastly, he uses a weight of 900 grams instead of 1 kg. This means that the customer gets only 900/1000 of the product. Hence, the dealer makes a profit by selling less product for the same price.

Overall, the dealer makes a profit of 33.33% due to these maneuvers.
Community Answer
A dishonest dealer marks up the price of his goods by 20% and give a d...
Say 1000 gm=1000 rps cp
marking up =20% so 1000+200=1200 mp
giving 10% discount =1200-120=1080 sp
and selling 900 gm instead of 1000 gm so

1000 gm=1000 rps
900 gm. =1080 rps

9*1000 gm=1000 rps*9=9000 cp
10*900 gm. =1080 rps*10=10800 sp
profit %
10800-9000/9000 =1800/9000=1/5=20% profit
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Analyse the graph/s given below and answer the question that follows.Worst Price, a leading retailer, was running a special sales promotion at its outlet in which, for every 1000 rupees that a customer spent on buying any items at the shop, the customer would get 1 reward point. The marketing department classified the total number of customers into seven different sections – G1, G2, G3,G4, G5, G6, G7 according to their respective number of reward point. The following pie chart gives the percentage wise break up of the number of customers classified into each of these seven sections. In the pie chart, the values given in the brackets alongside each section give the minimum and maximum number of reward point got by any customer classified into that section.To encourage customers to spend more at their outlets the management decided to give cash return to some of the customers from among whose who had at least 18 reward points. While deciding the cash return the management decided to classify the customers with different reward points into different groups-P to U- according to their number of reward points , as given in the table below:The number of customers selected for receiving a cash return were different for different groups However, within each group, the management selected an equal number of customers with each of the different number of reward points classified into that group. For example, in group P, of the total number of customers selected for receiving a cash return, the number of customers with 18 reward points is same as that with 19 reward points, which, in turn, is same as that with 20 reward points.The percentage wise distribution of the total value of the cash returns offered by the management to the customers belonging to the different groups is given in the following graph:Total amount paid ascash returnRs. 300000Q. How many customers with 38 reward points were paid a cash return?

A dishonest dealer marks up the price of his goods by 20% and give a discount of 10% to the customer. he also uses a 900 gram weight instead of a 1kg weight. Find his percentage profit due to these maneuver.?
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A dishonest dealer marks up the price of his goods by 20% and give a discount of 10% to the customer. he also uses a 900 gram weight instead of a 1kg weight. Find his percentage profit due to these maneuver.? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A dishonest dealer marks up the price of his goods by 20% and give a discount of 10% to the customer. he also uses a 900 gram weight instead of a 1kg weight. Find his percentage profit due to these maneuver.? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dishonest dealer marks up the price of his goods by 20% and give a discount of 10% to the customer. he also uses a 900 gram weight instead of a 1kg weight. Find his percentage profit due to these maneuver.?.
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