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A dishonest shopkeeper promised to sell his goods at 25 percent profit still he uses 25 g less weight instead of 500 g. Find his actual profit or loss percent.?
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A dishonest shopkeeper promised to sell his goods at 25 percent profit...
Understanding the Scenario
The shopkeeper intends to sell goods with a claimed profit of 25%. However, he uses a deceptive method by providing 25 grams less than the promised weight of 500 grams. This results in a different actual profit margin.
Calculating the Selling Price
- Let the cost price (CP) of 500 grams be 100.
- His selling price (SP) with a 25% profit would be:
SP = CP + (25% of CP)
SP = 100 + 25 = 125.
Actual Weight Sold
- The shopkeeper sells only 475 grams instead of 500 grams.
- Therefore, the selling price per gram = 125 / 500 = 0.25.
Calculating Actual Cost Price
- The cost price for 475 grams = (475/500) * 100 = 95.
Calculating Actual Profit
- Actual profit = SP - Actual CP
Actual profit = 125 - 95 = 30.
Calculating Actual Profit Percentage
- Actual profit percentage = (Actual profit/Actual CP) * 100
Actual profit percentage = (30/95) * 100 = 31.58%.
Conclusion
The dishonest shopkeeper's actual profit percentage, after accounting for the reduced weight, is approximately 31.58%. This demonstrates how deceptive practices can significantly inflate profit margins beyond the initially stated claim.
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A dishonest shopkeeper promised to sell his goods at 25 percent profit still he uses 25 g less weight instead of 500 g. Find his actual profit or loss percent.?
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A dishonest shopkeeper promised to sell his goods at 25 percent profit still he uses 25 g less weight instead of 500 g. Find his actual profit or loss percent.? 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 shopkeeper promised to sell his goods at 25 percent profit still he uses 25 g less weight instead of 500 g. Find his actual profit or loss percent.? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A dishonest shopkeeper promised to sell his goods at 25 percent profit still he uses 25 g less weight instead of 500 g. Find his actual profit or loss percent.?.
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