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A trader earns 20% profit even after all...

A trader earns `20%` profit even after allowing `30%` discount to his customers. Minimum how much per cent does his balance weigh less than what it should weigh?

A

41.67

B

55.55

C

16.67

D

56

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will analyze the information given and calculate the required percentage of weight loss. ### Step 1: Understand the Profit and Discount The trader allows a discount of 30% on the selling price (SP) and still makes a profit of 20% on the cost price (CP). ### Step 2: Set Up the Equations Let the cost price (CP) be 100 (for simplicity). - Profit of 20% means the selling price (SP) is: \[ SP = CP + 20\% \text{ of } CP = 100 + 20 = 120 \] ### Step 3: Calculate the Selling Price After Discount The trader gives a discount of 30% on the selling price (SP): - Discount = 30% of SP = 30% of 120 = 36 - Therefore, the selling price after discount (SP') is: \[ SP' = SP - \text{Discount} = 120 - 36 = 84 \] ### Step 4: Relate Selling Price After Discount to Cost Price Since the selling price after the discount is 84, we can set up the equation: \[ SP' = CP + \text{Profit} \] Where profit is still 20% of CP. Since CP is 100, the profit is 20. Thus: \[ SP' = 100 + 20 = 120 \] But we found SP' to be 84. This means the trader is effectively selling less weight than he should. ### Step 5: Calculate the Ratio of Selling Price to Cost Price From the above, we can find the ratio of SP to CP: \[ \frac{SP}{CP} = \frac{120}{100} = \frac{12}{10} = \frac{12}{7} \] ### Step 6: Calculate the Weight Loss Let the actual weight that should be sold (based on CP) be represented as 12 units. The trader is selling only 7 units (due to the weight loss). The weight loss can be calculated as: \[ \text{Weight Loss} = 12 - 7 = 5 \] ### Step 7: Calculate the Percentage of Weight Loss To find the percentage of weight loss compared to the original weight: \[ \text{Percentage Weight Loss} = \left(\frac{\text{Weight Loss}}{\text{Original Weight}}\right) \times 100 = \left(\frac{5}{12}\right) \times 100 \approx 41.67\% \] ### Conclusion The minimum percentage that the balance weighs less than what it should weigh is approximately **41.67%**. ---
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