Question
Download Solution PDFA vendor sells vegetables at 12% less than the cost price, but manipulates the weight of 800 gms as 1 kg. Then he gets
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling price (SP) is 12% less than the cost price (CP).
Vendor manipulates weight, 800 g = 1 kg.
Formula Used:
Profit% = [(Effective SP - CP) / CP] × 100
Calculation:
Let the cost price (CP) of 1 kg of vegetables = ₹100.
SP of 1 kg = CP - 12% of CP
SP of 1 kg = ₹100 - (12/100) × ₹100
SP of 1 kg = ₹100 - ₹12
SP of 1 kg = ₹88
But vendor gives only 800 g instead of 1 kg:
Effective SP of 1 kg = (SP for 800 g × 1000) / 800
Effective SP = (₹88 × 1000) / 800
Effective SP = ₹110
Profit% = [(Effective SP - CP) / CP] × 100
⇒ Profit% = [(₹110 - ₹100) / ₹100] × 100
⇒ Profit% = (₹10 / ₹100) × 100
⇒ Profit% = 10%
The vendor gets a 10% profit.
Last updated on Jul 11, 2025
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