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A trader marks-up his goods by 80% and g...

A trader marks-up his goods by 80% and gives discount of 25%. Besides it he weighs 10% less amount while selling his goods. What is the net profit of trader?

A

50%

B

35%

C

45%

D

55%

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the net profit of the trader based on the given information. ### Step 1: Determine the Cost Price (CP) Assume the cost price (CP) of 1000 grams of goods is ₹100. ### Step 2: Calculate the Marked Price (MP) The trader marks up his goods by 80%. - Marked Price (MP) = CP + (Markup Percentage × CP) - MP = 100 + (80% of 100) = 100 + 80 = ₹180 **Hint:** Remember that the markup is added to the cost price to find the marked price. ### Step 3: Calculate the Selling Price (SP) after Discount The trader gives a discount of 25% on the marked price. - Discount = 25% of MP = 25% of 180 = (25/100) × 180 = ₹45 - Selling Price (SP) = MP - Discount = 180 - 45 = ₹135 **Hint:** Discounts reduce the marked price, so subtract the discount from the marked price to find the selling price. ### Step 4: Determine the Actual Quantity Sold The trader weighs 10% less than the actual amount while selling. - Actual Quantity = 1000 grams - Quantity Sold = 1000 grams - (10% of 1000 grams) = 1000 - 100 = 900 grams **Hint:** When calculating the quantity sold, remember to subtract the percentage of the total quantity that is not given. ### Step 5: Calculate the Cost Price of the Quantity Sold Now, we need to find the cost price for the quantity actually sold (900 grams). - Cost Price of 900 grams = (CP of 1000 grams / 1000) × 900 = (100 / 1000) × 900 = ₹90 **Hint:** To find the cost price for a different quantity, use the ratio of the quantities to the total cost price. ### Step 6: Calculate the Profit Now, we can calculate the profit made by the trader. - Profit = Selling Price - Cost Price of Quantity Sold - Profit = 135 - 90 = ₹45 **Hint:** Profit is the difference between what you earn from selling and what you spent to acquire the goods. ### Step 7: Calculate the Profit Percentage To find the profit percentage: - Profit Percentage = (Profit / Cost Price of Quantity Sold) × 100 - Profit Percentage = (45 / 90) × 100 = 50% **Hint:** Profit percentage tells you how much profit you made relative to your costs. ### Final Answer The net profit percentage of the trader is **50%**. ---
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