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Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity A: A shopkeeper sets his goods price at 30% above the cost price of goods. If he decided to give 10% discount for cashless payments then what is his percentage profit ? Quantity B: A shopkeeper makes changes in weight balance that is weight balance counts 940g instead of 1000 kg. What is profit percentage he had?

Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity A: A shopkeeper sets his goods price at 30% above the cost price of goods. If he decided to give 10% discount for cashless payments then what is his percentage profit ? Quantity B: A shopkeeper makes changes in weight balance that is weight balance counts 940g instead of 1000 kg. What is profit percentage he had? Correct Answer Quantity A > Quantity B

Quantity A:

Let the Cost price of goods be Rs.100.

Given,

A shopkeeper sets his goods price at 30% above the cost price

Then it’s marked price set by shopkeeper is Rs.130.

After this he is offering 10% discount for cashless payments,

Selling price after discount is =

= 130 – 130 × 10/100

= 130 – 13

= 117

Selling price of goods after discount = Rs.117

Profit percentage he had in this transaction =

= ((SP – CP)/CP) × 100

= ((117 – 100)/100) × 100

= 17

Profit percentage he had is 17%.

Quantity B:

Given,

weight balance counts 940g instead of 1000kg

Let for 1 kg weight cost price is Rs.100

That is due to faulty weight balance,

He sells goods of Rs.94 at price of goods 1kg.

Gain he had = 100 – 94 = 6

Percentage profit he had =

= (6/94) × 100

= 6.38%

Due to faulty weight balance shopkeeper had 6.38% profit.

From above solution,

Relation between Quantity A > Quantity B is established.

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