IIFT 2020 Question 5

Question 5

A fruit seller in a locality uses dishonest practice as follows:
(i) He cheats on weight by 10 percent for every 1kg weight.
(ii) He pushes up the price of fruit by 15 percent and then gives a discount of 8 percent to the buyers for every kg sold.
Find the percentage profit of the fruit seller from sale of 1kg. (Profit is defined as Revenue - Cost)



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