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A trader sells wheat at 20% profit and u...

A trader sells wheat at 20% profit and uses weight 20% less than the actual measure.His gain percent is

A

`35%`

B

`38%`

C

`48%`

D

`50%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down clearly: ### Step 1: Understand the Given Information The trader sells wheat at a profit of 20% and uses 20% less weight than the actual measure. ### Step 2: Assume a Cost Price (CP) Let's assume the cost price (CP) of 1000 grams of wheat is Rs 1000. ### Step 3: Calculate the Selling Price (SP) Since the trader sells at a profit of 20%, we can calculate the selling price (SP) as follows: \[ SP = CP + (Profit \% \times CP) = CP \times \left(1 + \frac{20}{100}\right) \] \[ SP = 1000 \times \frac{120}{100} = 1200 \text{ Rs} \] ### Step 4: Calculate the Actual Weight Sold The trader uses 20% less weight. Therefore, the actual weight sold is: \[ \text{Actual Weight} = 1000 \times (1 - 0.20) = 1000 \times 0.80 = 800 \text{ grams} \] ### Step 5: Calculate the Cost Price of the Actual Weight Sold Since the cost price of 1000 grams is Rs 1000, the cost price of 800 grams is: \[ CP_{\text{actual}} = \frac{800}{1000} \times 1000 = 800 \text{ Rs} \] ### Step 6: Calculate the Profit Now, we can calculate the profit made by the trader: \[ \text{Profit} = SP - CP_{\text{actual}} = 1200 - 800 = 400 \text{ Rs} \] ### Step 7: Calculate the Profit Percentage Finally, we need to calculate the profit percentage based on the cost price of the actual weight sold: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{CP_{\text{actual}}}\right) \times 100 = \left(\frac{400}{800}\right) \times 100 = 50\% \] ### Final Answer The trader's gain percentage is **50%**. ---
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ARIHANT SSC-PROFIT AND LOSS-EXERCISE BASE LEVEL QUESTIONS
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  4. A trader sells wheat at 20% profit and uses weight 20% less than the a...

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  5. A dishonest dealer sells his goods at 10% loss on cost price and uses ...

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  6. A dishonest dealer professes to sell his goods at cost price but he us...

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  16. A shopkeeper purchased some books from a publication worth Rs 750.Beca...

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  17. A sold a watch to Bat 40% gain and B sold it to C at a loss of 20%.If ...

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  18. A man sold an article at a loss of 20%.If he sells the article for Rs ...

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  19. A person sold a watch at a profit of 10%.If he had sold it for Rs 2000...

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