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Question

A dishonest dealer sells the goods at 7% loss on cost price but uses 18% less weight. What is his percentage of profit? (Correct to 2 decimal places)

This question was previously asked in
SSC CGL 2022 Tier-II (Paper 2 JSO) Previous Year Paper (04-Mar-2023)
The correct answer is

13.41%

This question asks us to calculate the overall percentage profit for a dishonest dealer. The dealer employs two deceptive tactics: selling goods at a loss concerning the cost price and providing less weight than stated.

Understanding the Dealer's Deception

A dishonest dealer uses tricks to make a profit. In this case, the dealer:

  • Sells goods claiming a 7% loss on the cost price.
  • Actually provides 18% less weight than what the customer pays for.

We need to find the net percentage profit the dealer makes after applying both these strategies.

Setting a Baseline Cost Price

To easily track the profit, let's assume the dealer buys a certain quantity of goods for a Cost Price (CP) of $100$. This value acts as our base for calculations.

  • Assumed Cost Price (CP) = $100$.

Calculating the Selling Price (SP)

The dealer sells the goods at a 7% loss on the cost price. This means the Selling Price (SP) is set lower than the CP.

  • Loss Amount = $7\%$ of CP = $\frac{7}{100} \times 100 = 7$.
  • Selling Price (SP) = CP - Loss Amount = $100 - 7 = 93$.
  • Alternatively, we can calculate the SP directly: $SP = CP \times (1 - \frac{\text{Loss}\%}{100})$ $SP = 100 \times (1 - \frac{7}{100})$ $SP = 100 \times (1 - 0.07)$ $SP = 100 \times 0.93 = 93$.

The dealer receives $93$ for the transaction, based on the quantity the customer believes they are receiving.

Accounting for Reduced Weight

The dealer cheats the customer by providing less weight. The dealer uses 18% less weight than what the price corresponds to.

  • Percentage reduction in weight = $18\%$.
  • The actual weight provided is $(100\% - 18\%) = 82\%$ of the intended weight.

Determining the Actual Cost Price (CP_actual)

Since the dealer provides only 82% of the intended weight, the cost incurred by the dealer for the goods actually sold is 82% of the initial assumed cost price.

  • Actual Cost Price (CP_actual) = $82\%$ of the initial CP
  • $CP_{actual} = \frac{82}{100} \times 100 = 82$.

So, the goods the dealer actually gave to the customer cost the dealer $82$.

Calculating the Dealer's Profit

The profit is the difference between the selling price (the money the dealer receives) and the actual cost price (the money the dealer spent on the goods provided).

  • Profit = Selling Price (SP) - Actual Cost Price (CP_actual)
  • Profit = $93 - 82 = 11$.

The dealer makes a profit of $11$.

Calculating the Percentage Profit

The percentage profit is calculated based on the Actual Cost Price incurred by the dealer.

  • Percentage Profit = $\frac{\text{Profit}}{\text{Actual CP}} \times 100$
  • Percentage Profit = $\frac{11}{82} \times 100$
  • Percentage Profit = $\frac{1100}{82}$
  • Percentage Profit $\approx 13.414634... \%$.

Rounding this to two decimal places gives us the final answer.

  • Percentage Profit $\approx 13.41\%$.

Therefore, the dishonest dealer makes a profit of approximately 13.41%.

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Similar Questions

  1. A milkman buys milk at Rs. 25 per litre and adds 1/4 of water to it and sells the mixture at Rs. 26 per litre. His gain (in %) is?

  2. R’s weighing machine shows 400 gm when the actual weight is 350 gm. The cost price of almonds is ₹880 per kg and packets of 200 gm are made using the faulty machine. What should be the selling price (in ₹) of each packet to get a profit of 25%?

  3. A dishonest dealer defrauds to the extent of x% in buying as well as selling his goods by using faulty weight. What will be the gain percent on his outlay?

  4. A trader has a weighing balance that shows 1300 g for a kg. He further marks up his cost price by 15%. The net profit percentage is :

  5. A dishonest trader says to customers that he sells his goods at a cost price, but he uses a false weight and gains 12.5% as profit. How many grams does he use to weigh 1 kg?

  6. A shopkeeper advertises for selling cloth at 7% loss. However, by using a false scale of length 1 metre he actually gains 24%. What will be the actual length he uses instead of 1 metre ?

  7. Ramesh claims that he is selling onions at Rs. 36 per kg, which costs him Rs. 40 per kg, but he gives 800 grams instead of 1 kg. Find Ramesh's percentage gain or loss.

  8. A dishonest dealer marks up his goods by 50% and then gives a discount of 20% on the marked price. Apart from this, he uses a faulty balance which reads 1kg for 900 gm. What is his net profit percentage (rounded off to the nearest integer)?

  9. A dishonest dealer sells articles at 15% loss on cost price but uses the weight of 20 g instead of 25 g. What is his profit or loss percentage?

  10. A shopkeeper sells an item at a profit of 15% and uses a weight which is 20% less. Find his actual profit percentage.


Important Questions from Dishonest Dealings

  1. A shopkeeper uses a weight of 460 grams instead of 500 grams and sells the articles at their cost price, what is his profit percentage?

  2. A trader sells an article at 20 percent profit. If he buys it at half of the cost price and sells at the same selling price as before, then what will be the profit percentage?

  3. A dishonest shopkeeper sells sugar at a rate of Rs. 45 per kg. The cost price of the sugar is Rs. 40 per kg. Even after doing this, he tries to increase his profit by removing 100 gm from each packet of 1 kg. What is the gain percent of the shopkeeper?

  4. A shopkeeper cheats to the extent of 11% while buying and selling fruits, by using tampered weights. His total gain in percentage is.

    A. 23.25

    B. 23.21

    C. 24.71

    C. 23.5

  5. A dishonest shopkeeper claimed to have sold an item at ₹23/kg, which cost him ₹25/kg. However, by using faulty weights, he gave only 600 grams instead of 1 kg. What is his total percentage profit or loss?

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