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The balance of a trader weight 10% less ...

The balance of a trader weight 10% less than it should be still the trader marks up his goods to get the overall profit of 20% . What is the markup on the cost price.

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To solve the problem step by step, we will analyze the situation involving the trader, the weight of the goods, and the profit margin. ### Step 1: Understand the Weight Discrepancy The trader's balance weighs 10% less than it should. This means that if the actual weight of the goods is supposed to be 10 units, the trader's balance shows only 9 units. **Hint:** Remember that a 10% reduction in weight means the trader is giving less product than he claims. ### Step 2: Determine the Cost Price Assuming the cost price of 1 unit (or 1 gram) is 1 rupee, the cost price for 10 units would be: \[ \text{Cost Price (CP)} = 10 \text{ units} \times 1 \text{ rupee/unit} = 10 \text{ rupees} \] **Hint:** Always start by determining the cost price based on the actual weight of the goods. ### Step 3: Calculate the Selling Price for a 20% Profit To achieve a 20% profit on the cost price, the selling price (SP) must be: \[ \text{Selling Price (SP)} = \text{Cost Price} + 20\% \text{ of Cost Price} \] \[ SP = 10 + 0.2 \times 10 = 10 + 2 = 12 \text{ rupees} \] **Hint:** Profit is calculated as a percentage of the cost price, so be sure to add it to the cost price to find the selling price. ### Step 4: Calculate the Actual Selling Price per Measured Unit Since the trader sells 9 units (due to the weight discrepancy), he sells these 9 units for 12 rupees. Therefore, the selling price per measured unit is: \[ \text{Selling Price per unit} = \frac{12 \text{ rupees}}{9 \text{ units}} = \frac{4}{3} \text{ rupees/unit} \approx 1.33 \text{ rupees/unit} \] **Hint:** When calculating selling price per unit, divide the total selling price by the number of units sold. ### Step 5: Determine the Markup on the Cost Price The markup is the difference between the selling price per unit and the cost price per unit. The cost price per unit is 1 rupee, so the markup is: \[ \text{Markup} = \text{Selling Price per unit} - \text{Cost Price per unit} \] \[ \text{Markup} = \frac{4}{3} - 1 = \frac{4}{3} - \frac{3}{3} = \frac{1}{3} \text{ rupee} \] **Hint:** Markup is calculated by subtracting the cost price from the selling price. ### Step 6: Calculate the Markup Percentage To find the markup percentage based on the cost price: \[ \text{Markup Percentage} = \left(\frac{\text{Markup}}{\text{Cost Price per unit}}\right) \times 100 \] \[ \text{Markup Percentage} = \left(\frac{\frac{1}{3}}{1}\right) \times 100 = \frac{1}{3} \times 100 \approx 33.33\% \] **Hint:** Markup percentage is expressed as a percentage of the cost price, so always divide the markup by the cost price before multiplying by 100. ### Final Answer The markup on the cost price is approximately **33.33%**.
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