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A shopkeeper promise to sell his goods a...

A shopkeeper promise to sell his goods at x% profit but he uses 20% less weight thus gain 37`1/2`%. Find x.

A

A. 0.1

B

B. 0.09

C

C. 0.11

D

D. 0.15

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the value of \( x \) given that a shopkeeper promises to sell his goods at \( x\% \) profit but actually gains \( 37.5\% \) profit by using \( 20\% \) less weight. ### Step 1: Understand the relationship between cost price, selling price, and profit. The profit percentage can be expressed as: \[ \text{Profit} = \frac{\text{Selling Price} - \text{Cost Price}}{\text{Cost Price}} \times 100 \] ### Step 2: Define the variables. Let: - \( p \) = cost price - Selling Price (SP) when selling at \( x\% \) profit: \[ SP = p \left(1 + \frac{x}{100}\right) \] ### Step 3: Calculate the effective cost price when using less weight. Since the shopkeeper uses \( 20\% \) less weight, the effective cost price becomes: \[ \text{Effective Cost Price} = p \times (1 - 0.20) = 0.8p \] ### Step 4: Set up the equation for actual profit. The actual profit gained is given as \( 37.5\% \). Thus, we can set up the equation: \[ \frac{SP - \text{Effective Cost Price}}{\text{Effective Cost Price}} \times 100 = 37.5 \] Substituting the values we have: \[ \frac{p \left(1 + \frac{x}{100}\right) - 0.8p}{0.8p} \times 100 = 37.5 \] ### Step 5: Simplify the equation. Cancelling \( p \) from the equation (assuming \( p \neq 0 \)): \[ \frac{1 + \frac{x}{100} - 0.8}{0.8} \times 100 = 37.5 \] \[ \frac{0.2 + \frac{x}{100}}{0.8} \times 100 = 37.5 \] \[ \frac{0.2 + \frac{x}{100}}{0.8} = 0.375 \] ### Step 6: Cross-multiply to eliminate the fraction. \[ 0.2 + \frac{x}{100} = 0.375 \times 0.8 \] Calculating \( 0.375 \times 0.8 \): \[ 0.375 \times 0.8 = 0.3 \] So we have: \[ 0.2 + \frac{x}{100} = 0.3 \] ### Step 7: Isolate \( x \). Subtract \( 0.2 \) from both sides: \[ \frac{x}{100} = 0.3 - 0.2 \] \[ \frac{x}{100} = 0.1 \] Multiplying both sides by \( 100 \): \[ x = 10 \] ### Final Answer: The value of \( x \) is \( 10\% \). ---
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