Question
Download Solution PDFA vegetable vendor does his sales using a weight which is 12% less than the actual weight and earns a profit of 32% on the cost price. Find the total profit percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven data:
Weight used by the vendor is 12% less than the actual weight.
Profit earned on the cost price is 32%.
Concept Used:
To find the total profit percentage, we need to consider the profit percentage on the selling price,
taking into account the weight reduction.
Calculation:
⇒ The weight used by the vendor = 100% - 12% = 88% of the actual weight.
⇒ Let's assume the cost price of the vegetable is ₹100 (considering a convenient value).
⇒ Selling price = Cost price + Profit = ₹100 + 32% of ₹100 = ₹132
⇒ Actual selling price considering the weight reduction = ₹132/88% = ₹150 (since 88% of actual weight is being sold at ₹132)
Total profit percentage = (Actual Selling Price - Cost Price) / Cost Price * 100
⇒ (₹150 - ₹100) / ₹100 × 100
⇒ ₹50 / ₹100 × 100
⇒ 50%
Therefore, the correct answer for the total profit percentage is indeed 50%.
Last updated on Jul 8, 2025
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