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A trader has a weighing balance that sho...

A trader has a weighing balance that shows 1,200 gm for a kilogram. He further marks up his cost price by 10%. Then the net profit percentage is

A

`32%`

B

`23%`

C

`31.75%`

D

`23.50%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will analyze the situation of the trader and calculate the net profit percentage. ### Step 1: Understand the weight discrepancy The trader uses a weighing balance that shows 1200 grams as 1 kilogram. This means when he sells what he claims is 1 kg, he is actually selling only 1200 grams. ### Step 2: Calculate the effective selling price Let’s assume the cost price (CP) of 1 kg (1000 grams) is ₹100. Since he is selling 1200 grams as 1 kg, we need to determine the selling price (SP) for 1200 grams. 1. **Cost Price for 1200 grams**: - If 1000 grams costs ₹100, then: \[ \text{CP for 1200 grams} = \left(\frac{1200}{1000}\right) \times 100 = ₹120 \] 2. **Marking up the cost price by 10%**: - The trader marks up his cost price by 10%. Therefore, the selling price (SP) will be: \[ \text{SP} = \text{CP} + 10\% \text{ of CP} = 120 + 0.10 \times 120 = 120 + 12 = ₹132 \] ### Step 3: Calculate the profit Now, we can calculate the profit made by the trader when he sells 1200 grams for ₹132. 1. **Profit Calculation**: - Profit = Selling Price - Cost Price \[ \text{Profit} = 132 - 120 = ₹12 \] ### Step 4: Calculate the profit percentage To find the net profit percentage, we use the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{Cost Price}}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{12}{120}\right) \times 100 = 10\% \] ### Step 5: Adjust for the weight discrepancy Since the trader is actually selling 1200 grams instead of 1000 grams, we need to account for this additional profit percentage: 1. **Effective Profit Percentage from Weight**: - The profit from selling 1200 grams instead of 1000 grams is: \[ \text{Effective Profit Percentage} = \left(\frac{200}{1000}\right) \times 100 = 20\% \] ### Step 6: Combine both profit percentages Now, we combine the profit from the markup and the profit from the weight discrepancy: \[ \text{Net Profit Percentage} = \text{Profit from markup} + \text{Profit from weight} \] Using the formula: \[ \text{Net Profit Percentage} = 20\% + 10\% + \left(\frac{20 \times 10}{100}\right) = 20 + 10 + 2 = 32\% \] ### Final Answer The net profit percentage is **32%**.
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