A discount trader marks up his goods by 80 and gives discount of 25 Besides he gets 20 more amount p...........

Quant (SSC) Profit and loss

A discount trader marks up his goods by 80% and gives discount of 25%. Besides he gets 20% more amount per kg from whole seller and sells 10% less per kg to customer. What is the overall profit percentage?

75%

80%

90%

95%

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Explanation:

Let's assume the initial CP of 100 gm of goods = Rs. 100/-
∴ Actual CP/gm = 100/120 = 5/6
[Since he gets 20% more amount and he pays only Rs 100]
Now, actual profit% after marking up & offering discount
= 80 – 25 – 80 × 25 /100 [applying net% effect]
= 35%
∴ Initial SP of 100 gm of goods = 135% of 100 = 135/-
Actual SP/gm = 135/90 = 3/2
[Since he sells 10% less amount at the same price.]
Let's assume the quantity boght & sold be 6 gms
∴ CP/6 gms = 5/6 x 6 = 5/-
and SP/6 gms = 3/2 x 6 = 9/-
∴ Actual Profit % = 9 - 5 /5 x 100% = 80%