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A trader marks up the goods by 40% and ...

A trader marks up the goods by `40%` and allows a discount of `26.67%` on the marked price. If he objects a decent `120%` profit on the goods sold, how much- per-cent more does his balance display the weight than what it displays when it is not faulty?

A

14.28

B

53.33

C

114.28

D

46.67

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Understand the Cost Price and Marked Price Assume the cost price (CP) of the goods is `100` (for simplicity). ### Step 2: Calculate the Marked Price (MP) The trader marks up the goods by `40%`. Therefore, the marked price can be calculated as: \[ \text{Marked Price (MP)} = \text{Cost Price (CP)} + 40\% \text{ of CP} = 100 + 0.40 \times 100 = 100 + 40 = 140 \] ### Step 3: Calculate the Selling Price (SP) after Discount The trader allows a discount of `26.67%` on the marked price. The discount amount can be calculated as: \[ \text{Discount} = 26.67\% \text{ of MP} = 0.2667 \times 140 = 37.338 \] Now, we can find the selling price: \[ \text{Selling Price (SP)} = \text{MP} - \text{Discount} = 140 - 37.338 = 102.662 \] ### Step 4: Calculate the Profit The trader claims to achieve a profit of `120%` on the cost price. The profit amount can be calculated as: \[ \text{Profit} = 120\% \text{ of CP} = 1.20 \times 100 = 120 \] Thus, the selling price based on the claimed profit should be: \[ \text{Selling Price (SP)} = \text{CP} + \text{Profit} = 100 + 120 = 220 \] ### Step 5: Determine the Actual Weight Sold From the calculations, we see that the trader is selling the goods for `220` but is actually selling them for `102.662`. This discrepancy indicates that the trader is manipulating the weight. ### Step 6: Calculate the Actual Weight Let’s denote the actual weight sold as `x` grams. The cost price for `x` grams at `1` rupee per gram is `x`. Thus: \[ \text{Selling Price} = \text{Cost Price for x grams} + \text{Profit} \Rightarrow 220 = x + 120 \] Solving for `x`: \[ x = 220 - 120 = 100 \] ### Step 7: Calculate the Faulty Weight The trader is supposed to sell `75` grams (as per the original cost price of `75` rupees). However, he is actually selling `100` grams. ### Step 8: Calculate the Percentage Increase in Weight The percentage increase in weight can be calculated as: \[ \text{Percentage Increase} = \left(\frac{\text{Actual Weight} - \text{Expected Weight}}{\text{Expected Weight}}\right) \times 100 = \left(\frac{100 - 75}{75}\right) \times 100 = \left(\frac{25}{75}\right) \times 100 = \frac{1}{3} \times 100 \approx 33.33\% \] ### Final Answer The trader's balance displays approximately `33.33%` more weight than what it should display when it is not faulty. ---
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