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A trader has a faulty balance that weigh...

A trader has a faulty balance that weighs `20%` less than what is should weigh. If he wants to earn `25%` profit, while offering a whopping `50%` discount by how much per cent should he mark up his goods?

A

80

B

90

C

100

D

120

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to analyze the situation involving the trader's faulty balance, profit margin, discount, and the required markup percentage. ### Step-by-Step Solution: 1. **Understanding the Faulty Balance**: - The trader's balance weighs 20% less than it should. This means if he is supposed to sell 100 grams, he actually sells only 80 grams. - Therefore, if the cost price (CP) of 100 grams is assumed to be `100` rupees, the cost price of 80 grams is `80` rupees. **Hint**: Remember that a 20% reduction means the actual weight is 80% of the intended weight. 2. **Calculating Selling Price for Profit**: - The trader wants to earn a profit of 25%. - The profit percentage is calculated based on the cost price. If the CP is `80` rupees, then the selling price (SP) can be calculated using the formula: \[ SP = CP + (Profit \% \times CP) = 80 + (25\% \times 80) = 80 + 20 = 100 \text{ rupees} \] **Hint**: Profit is calculated as a percentage of the cost price, so make sure to add it to the CP to find the SP. 3. **Understanding the Discount**: - The trader offers a discount of 50% on the marked price (MP). - If the SP is `100` rupees after the discount, then the relationship between the SP and MP can be expressed as: \[ SP = MP - (Discount \times MP) \Rightarrow 100 = MP - (50\% \times MP) \] - This simplifies to: \[ 100 = MP \times (1 - 0.5) = 0.5 \times MP \Rightarrow MP = \frac{100}{0.5} = 200 \text{ rupees} \] **Hint**: A 50% discount means the selling price is half of the marked price. 4. **Calculating the Markup Percentage**: - Now, we need to find out by how much percentage the trader marked up the price from the cost price to the marked price. - The cost price for 100 grams is `100` rupees, and the marked price is `200` rupees. - The markup can be calculated as: \[ \text{Markup} = MP - CP = 200 - 100 = 100 \text{ rupees} \] - The markup percentage is then calculated as: \[ \text{Markup Percentage} = \left( \frac{Markup}{CP} \times 100 \right) = \left( \frac{100}{100} \times 100 \right) = 100\% \] **Hint**: Markup percentage is calculated based on the cost price, so always use the cost price in your calculations. ### Final Answer: The trader should mark up his goods by **100%**.
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A trader has a faulty balance that weighs 20% less than what it should weigh. But, he offers a discount of 10% on the price, what is his profit per cent?

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