Question 12

Instead of a metre scale, a cloth merchant uses a faulty 120 cm scale while buying, but uses a faulty 80 cm scale while selling the same cloth. If he offers a discount of 20%, what is his overall profit percentage?

Name: Instead of a metre scale, a cloth merchant uses a faulty 120 cm scale while buying, but uses a faulty 80 cm scale while selling the same cloth. If he offers a discount of 20%, what is his overall profit percentage?
Uploaded: July 3, 2020, 10:16 a.m.
Duration: 2 min 33 s
Description: Instead of a metre scale, a cloth merchant uses a faulty 120 cm scale while buying, but uses a faulty 80 cm scale while selling the same cloth. If he offers a discount of 20%, what is his overall profit percentage?

Solution

Let's say the cost of the cloth is x rs per metre. Because of the faulty meter, he is paying x for 120 cms when buying.

So cost of 100 cms = 100x/120.

He is selling 80 cms for x, so selling price of 100cms of cloth is 100x/80.

discount = 20%

so the effective selling price is .8*100x/80= x

profit = SP-CP= x - 100x/120 = x/6

Profit % = x/6 divided by 100x/120 = 20%

Share on Whatsapp Share on Whatsapp

Boost your CAT prep: Take All-India 3 free CAT mock tests with Video solutions

Video Solution

Click on the Email ☝️ to Watch the Video Solution

Create a FREE account and get:

All Quant CAT complete Formulas and shortcuts PDF
38+ CAT previous year papers with video solutions PDF
5000+ Topic-wise Previous year CAT Solved Questions for Free

CAT Quant Questions | CAT Quantitative Ability

CAT Logarithms, Surds and Indices Questions CAT Remainders Questions CAT Arithmetic Questions CAT Inequalities Questions CAT Simple Interest Compound Interest Questions

CAT DILR Questions | LRDI Questions For CAT

CAT Special Charts Questions CAT DI with connected data sets Questions CAT Coins and Weights Questions CAT Charts Questions CAT Arrangement Questions

CAT Verbal Ability Questions | VARC Questions For CAT

CAT Vocabulary Questions CAT Odd One Out Questions CAT Grammar and Sentence Correction Questions CAT Reading Comprehension Questions CAT Para Jumbles Questions

Instead of a metre scale, a cloth merchant uses a faulty 120 cm scale while buying, but uses a faulty 80 cm scale while selling the same cloth. If he offers a discount of 20%, what is his overall profit percentage?

Video Solution

CAT Quant Questions | CAT Quantitative Ability

CAT DILR Questions | LRDI Questions For CAT

CAT Verbal Ability Questions | VARC Questions For CAT

Also Read

Related Formulas With Tests

CAT 1996 QA Question

Instead of a metre scale, a cloth merchant uses a faulty 120 cm scale while buying, but uses a faulty 80 cm scale while selling the same cloth. If he offers a discount of 20%, what is his overall profit percentage?

Video Solution

CAT Quant Questions | CAT Quantitative Ability

CAT DILR Questions | LRDI Questions For CAT

CAT Verbal Ability Questions | VARC Questions For CAT

Also Read

Free CAT Quant Questions

Related Formulas With Tests

Login to your Cracku account

Hello! 👋

Ready to Unlock Your Success?

Please Enter Your OTP

Please enter the following details

Create a free Cracku account

Get Started with 5000+ Free CAT Questions & Mock Tests with Detailed Solutions!