Sage-Tips

What is the profit percentage of a dishonest?

Now let us take into account his dishonesty. Since the dealer removes 200 gms from each kg or 100 gms, we can easily use the formula to find the actual profit that this dishonest dealer is generating. The formula says that Profit percentage or Gain percentage = [(Error)/(True Value) – (Error)] × 100\%.

What is dishonest selling?

Dishonest Dealer: A dishonest dealer is one who claims to sell his product in welfare of customer but either he alters weight or he marks up price too high and then gives discount to attract customers. Let us assume that the shopkeeper makes a gain of G\% in selling his product.

What is the profit of a dishonest shopkeeper who professes to sell at cost price but uses a 900 gram weight instead of 1 kilogram weight?

Given: He sells goods at profit of 20\%. He used weight of 900 grams instead of 1000 grams at the time of selling. ∴ His Actual profit percentage is 33.33\%.

What is the profit amount of the shopkeeper if he sold 30 kg of rice at INR 26 per kg?

Your question was “What is the profit amount of the shopkeeper if he sold 30 kg of rice at INR 26 per kg​”. So since 1 kg is sold for 26 INR, 30 kg is sold for, 30 X 26, which is 780.

Why are salespeople dishonest?

Some salespeople lie because they are insecure or unsure about the products they are selling. In short, sometimes they are too embarrassed to say, ”I don’t know. Some salespeople lie because they are insecure about themselves and their relationship with the prospect.

Should you lie in sales?

First, let’s just get this out of the way: lying to customers and prospects is unethical, wrong, and in some cases even criminal. You should never lie to someone, unless it’s your sales manager asking if you’re sandbagging any deals (kidding). Just don’t do it.

How can you tell if a salesman is lying?

Pay attention to how they answer the first few questions and how long it takes him or her to respond. If there is a shift in timing, either taking a longer pause or they’re spitting out an even faster answer than the previous it’s a good sign that they are lying.

Are salesmen honest?

“In general, salespeople don’t have a good reputation when it comes to honesty,” the Boston Business Journal reports. That’s a shame, because honesty isn’t only the best policy in sales, it can also be the most profitable one. You don’t need to lie to move product.

How do you sell a lie?

Here are three ways to do so:

1. Use words like “because” A statement will be more convincing when a reason is given to back it up.
2. Tell a story. Imagine that you are a juror in 2 murder cases.
3. Point to pictures or graphs.

Can a salesman lie to you?

Most often auto dealers will not lie to you outright. Instead, they may mislead you to make the sale. The dealer may tell you need to purchase additional items such as GAP or a Vehicle Service Contract to get financing.

What to do when a customer is lying to you?

It’s strongly suggested that you avoid directly using the word “lie” or calling the customer a liar. Instead, call the lie out by using terminology like “transparency.” Ask questions and encourage the customer to speak in specifics. If the lying continues, give the customer a chance to come clean before parting ways.

How can I sell without lying?

How to Be a Good Salesman Without Lying

1. Be Passionate. Good sales starts and ends with enthusiasm and passion about what you are selling.
2. Set Incremental Goals. Playing fast and loose with the truth may also be employed by salespeople who don’t hit their numbers.
3. Be Direct.
4. Create Long-Term Value.

How much profit does a dishonest merchant make by selling under weight?

Eg6: A dishonest merchant sells his grocery using weight 10 \% less than the true weight and makes a profit of 20\%. Find his total percentage profit? The merchant sells 900 grams in 1-kilogram packet. Let us assume the cost price is 1 Rs/gram.

What percentage does a dishonest dealer Mark up the price by?

A dishonest dealer marks up the price of his goods by 20\% and gives a discount of 10\% to the customer. He also uses a 900 gram weight instead of a 1 kilogram weight. Find his percentage profit due to these maneuvers?

How much profit does a shopkeeper earn on selling 900 grams?

Suppose he bought 1100 grams for Rs. 1000. He sells only 900 grams when he takes the money for 1 kg. he sells at a 8\% profit (20\% markup, 10\% discount). Hence, his selling price is Rs. 1080 for 900 grams. (using goods left by goods sold formula). A shopkeeper earns a profit of 12\% on selling a book at 10\% discount on the printed price.

What is the weight of 1 kg of dishonest fruit vendor?

A dishonest fruit vendor sells his goods at cost price but they uses a weight of 900 gm for the 1 kg. weight. His gain percent is: – Competoid.com