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A trader marks his goods at 35% above th...

A trader marks his goods at 35% above the cost price. He sells 80% the goods at the marked price and rest, he sells by allowing 35% discount on the marked price. His profit percent is:

A

27.55

B

25.55

C

20

D

35

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage of the trader, let's break down the problem step by step: ### Step 1: Determine the Cost Price (CP) and Marked Price (MP) Let the Cost Price (CP) of the goods be \( x \). The trader marks his goods at 35% above the cost price: \[ \text{Marked Price (MP)} = CP + 0.35 \times CP = 1.35 \times CP = 1.35x \] ### Step 2: Calculate the Selling Price (SP) for 80% of the Goods The trader sells 80% of the goods at the marked price: \[ \text{Selling Price for 80% of goods} = 0.80 \times \text{MP} = 0.80 \times 1.35x = 1.08x \] ### Step 3: Calculate the Selling Price (SP) for the Remaining 20% of the Goods The remaining 20% of the goods are sold at a 35% discount on the marked price: \[ \text{Discount on MP} = 0.35 \times \text{MP} = 0.35 \times 1.35x = 0.4725x \] \[ \text{Selling Price after Discount} = \text{MP} - \text{Discount} = 1.35x - 0.4725x = 0.8775x \] Now, for 20% of the goods: \[ \text{Selling Price for 20% of goods} = 0.20 \times 0.8775x = 0.1755x \] ### Step 4: Calculate the Total Selling Price (SP) Now, we sum the selling prices from both parts: \[ \text{Total Selling Price (TSP)} = \text{SP from 80%} + \text{SP from 20%} = 1.08x + 0.1755x = 1.2555x \] ### Step 5: Calculate the Profit Profit can be calculated as: \[ \text{Profit} = \text{Total Selling Price} - \text{Cost Price} = 1.2555x - x = 0.2555x \] ### Step 6: Calculate the Profit Percentage Profit percentage is given by: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 = \left( \frac{0.2555x}{x} \right) \times 100 = 25.55\% \] ### Final Answer The profit percentage of the trader is **25.55%**. ---
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