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Discussion

  1. A retailer cheats both to his whole-seller and his customer by 10% by his faulty balance i.e.,he actually weighs 10% more while purchasing from wholesaler and weighs 10% less while selling to his customer. What is his net profit percentage, when he sells at CP ?
    1. 22 2/2 %
    2. 22 2/9%
    3. 20 %
    4. 21 %
  1. Correct Option: B

    Amount purchased = 1100 g
    Amount sold = 900 g
    Profit % = (200 / 900) X 100
    = 22 2/9%

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