Bissoy.com
Doctors Medicines MCQs Q&A

A shopkeeper purchases rice from a dishonest dealer who cheats by providing 800g only for a kg. Shopkeeper makes an order for 750 kg for Rs. 81/kg. He wanted to make 20% profit after 10% discount. After selling 400 kg he notices he has been cheated. Now he decides he neither needs a profit nor loss in overall. What should be the new marked price for which he can make 10% discount and breakeven? (in rupees)

A shopkeeper purchases rice from a dishonest dealer who cheats by providing 800g only for a kg. Shopkeeper makes an order for 750 kg for Rs. 81/kg. He wanted to make 20% profit after 10% discount. After selling 400 kg he notices he has been cheated. Now he decides he neither needs a profit nor loss in overall. What should be the new marked price for which he can make 10% discount and breakeven? (in rupees) Correct Answer 121.5

When he buys 750 kg Amount of rice he gets = 800/1000 × 750

⇒ 600 kg

Total cost of purchase = 750 × 81

⇒ 60750

To get 20% profit, his selling price = (100 + 20) /100 × 81

⇒ Rs. 97.2

He sells that for 400 kg

Net sales = 400 × 97.2

⇒ 38880

Remaining sales to made to breakeven = 60750 – 38880

⇒ 21870

Remaining rice = 600 – 400

⇒ 200

Selling price per kg = 21870/200

⇒ 109.35

∴ Marked price = 100/(100 – Discount%) × Selling price

⇒ 100/(100 – 10) × 109.35

⇒ Rs. 121.5

Related Questions

A merchant buys 48 kg of rice and sets a marked price in order to gain 25% by selling the rice. He sells 8 kg rice at the marked price and gave 10 kg to a relative at a discount of 15%. Later he found that 4 kg of rice was wasted in transition. He sells the remaining rice by increasing the marked price by a certain percentage in order to make an overall profit of 20%. By how much percent did he increased the marked price of the remaining rice?
A wholesale rice seller dishonestly sells 900 g when 1 kg is ordered. A shopkeeper who place an order 500 kg for Rs. 20/kg and wants 20% profit. Gets to know that he has been cheated, he changes the selling price accordingly. After that he again decides to cheat by selling 800g when 1 kg is bought by customer. What is the effective price of rice/kg that customer buys it for? (in rupees)
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. What is selling price of Bed if Dealer sells at a profit of 15%? I. Dealer marks bed 60% above cost price and allow a discount of 25%. If no discount is offered then he would get Rs. 1920 more profit. II. Dealer marks bed 75% above cost price and after allowing two successive discount of 20% sold to Simmu, Simmu sold it to Jayesh for Rs. 6720 and claims of profit 25%. III. Dealer marks bed 75% above cost price and after allowing a discount of 25% sells it to customer. If he allows an addition discount of 20% he would get Rs 1260 less.
Dishonest Dealer A sells the goods to another Dealer B at Cost Price but he cheats him by using 50% less weight. Dealer B sells it to customer at a profit of 20%. If the price at which the customer purchases it Rs. 900. Find the Cost Price of the Product for Dealer A.
Consider the following information and answer the questions based on it. Out of the 75 birders, 15 wanted to see only sunbird, 10 wanted to see only flycatcher, 12 wanted to see both sunbird and nuthatch, 15 wanted to see only bee-eater, 13 wanted to see both sunbird and bee-eater, 5 wanted to see both flycatcher and nuthatch and the remaining wanted to see only nuthatch. How many birders wanted to see only one bird?
A dishonest dealer purchases goods at 20% discount of the cost price of Rs. X and also cheats his wholesaler by getting 20% extra through false weighing, per kg. Then he marks up his goods by 80% of x, but he gives a discount of 25% besides he cheats his customer by weighing 10% less than the required. What is his overall profit percentage?
Out of the 100 nature lovers, 20 people wanted to see only bison, 30 wanted to see both bison and tiger, 15 wanted to see only leopard, 25 wanted to see only tiger, 5 wanted to see both bison and leopard and the remaining wanted to see only bear. The ratio of people to wanted to see tiger to those who wanted to see bear is
The following question, there are three statements I, II and III. Read the question carefully and mark your answer according to which statements(s) is/are sufficient to the answer the question. What is the final profit/loss percent for a dishonest dealer? Statement I: The dealer marked the price of 1 kg basmati rice at 30% above its cost price Statement II: He got 1450 grams instead of 1 kg and sold 1150 grams instead of 1 kg Statement III: Selling price for 1 kg of Basmati rice was fixed after allowing a discount of 12%
The line chart given below shows the marked price and selling price of six articles A, B, C, D, E and F. Discount = (Marked price - selling price) Discount% = \( \rm\frac{Marked price-Selling price}{Marked price} \times 100\) J1 = Value of sum of discount on articles C and D J2 = Value of difference of discount on articles D and E What is the value of J1 - J2?
A shopkeeper cheats by 10% (by weight) while buying the rice. He marked up the price of rice by 25% above its cost price and offers 10% discount. If he cheats his customer by 200 grams (measure 800 grams while selling 1 kg), then what is the actual profit percent earned by the shopkeeper?