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Q.

A retailer cheats his wholesaler and customer both. He purchases 19% more from the wholesaler and sells 15% less while selling it to its customer. What is the profit percentage of selling the goods at cost price?


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a

42

b

40

c

37

d

47

answer is B.

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Detailed Solution

Concept-Assume the amount of goods he buys without cheating be x. The goods he bought can be found by taking 19 percent of x and the goods he sold can be find by subtracting the 15 percentage of x from x. The amount of goods left can be find by subtracting the goods he sold from the goods he bought.
Total profit percentage = (119×10085)-100=340085=40%
Thus, the required profit percentage is 40%.
Hence, the correct answer is 2) 40%
 
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