Sunny marks up his goods by 40% and gives a discount of 10% Apart from this, he uses a - Maths - Relations and Functions

Question

Sunny marks up his goods by 40% and gives a discount of 10% Apart
from this, he uses a faulty balance also which reads 800 gms for
1,000 gms What is his net profit/loss percentage?

Ankita Agarwal · Accepted Answer

Dear Student,

Assume Cost Price per 1000 gram = Rs 1,000So, Marked Price = 140% of Cost Price = Rs 1,400He gives a discount of 10% on this Marked Price = 10100×1400 = Rs 140So, Selling Price = Rs 1,260Now, when he sells 1000 grams, he actually obtains the money for only 800 grams
So, when he sells articles worth Rs 1,000, Money obtained after selling will be equal to = Rs 1260×0
8 = Rs 1,008So Profit = SP-CPProfit = 1008-1000 = Rs 8
Profit % = 8100×100So, Profit percentage = 8%

Regards

Sunny marks up his goods by 40% and gives a discount of 10%. Apart from this, he uses a faulty balance also which reads 800 gms for 1,000 gms. What is his net profit/loss percentage?