Edit MetaData
Educational materials for IPMAT and IIMB UG preparation
Educational materials for JEE preparation
1 month, 2 weeks ago
2 weeks ago
You can assume cost price as Rs. 100 for 100g
According to question, he sells the goods at a loss price of 6.25%, meaning his selling price is Rs. 6.25 less than cost price, making it 93.75.
Moreover, he uses a 12.5% less weight, meaning for every 100g, he is actually selling 87.5g.
Using this data, assuming he sells 100g.
Actual grams sold: 87.5g
Price of 87.5g = Rs. 87.5
Selling price of 100g = Rs. 93.75
So profit percentage for him is (93.75 - 87.5) / 87.5 *100 =7.143%
1 day, 21 hours ago
Assume price as 100, 6.25 percent loss means 1/16 in fractions so multiply 100 by 15/16 to reduce it by 1/16.
Now 12.5 percent less weight means 1/8 means he actually sells 7/8 and makes the rest as profit therefore 8/7 is the multiplier as he sells 7 and makes 1 profit so total 8 multiply these both to the hundred u get 15/14 which means 7.14 profit .hope this helps
Quick, Easy and Effective Revision
By proceeding you agree to create your account
Free CAT Formulas PDF will be sent to your email address soon !!!