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Tbh, I got 37.5% profit but few people pointed out that- Let’s say the investment is 1 gm = 1 Rs So his investment is on 1000 gm or 1000 Rs But he uses weighing balance and to him and the customer it shows 800 gm and the shopkeeper thinks that his cost is 800 Rs He wants a mark up of 10 %
So he gets 880 Rs ( SP )
So 880-1000/ 1000 = 12% loss Just confused with this.. pls clarify
Let’s cost price 1000gms be 100 Mark up price would be =1.1*100=110 He sells by faulty scale 800 gms instead of 1000gms Cost price to shopkeeper=80 Profit=110-80=30 Profit % =30/80*100=37.5
Let’s cost price 1000gms be 100 Mark up price would be =1.1*100=110 He sells by faulty scale 800 gms instead of 1000gms Cost price to shopkeeper=80 Profit=110-80=30 Profit % =30/80*100=37.5
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Why would the cost to the shopkeer be 80? The actual weight is 1000 gms right? Only it shows as 800 gms. The customer would actually pay for 800 gms worth of product.