A trader claims to sell flour at a profit of 47%, but also dishonestly uses a weight which is 8% less than what is mentioned on it. Find the total percentage of profit earned by the trader. (Round off the answer to the nearest whole number.)
Correct Answer :
60%
Solution :
`.
Let's construct the output carefully:
```xml
The correct answer is 60%. To find the total profit percentage earned by the trader, we can calculate the effective cost price and selling price based on a standard unit of weight, such as 1000 grams (1 kg). Step 1: Determine the Cost Price (CP) and Selling Price (SP) per unit weight.
Step 2: Account for the dishonest weight used.
Step 3: Calculate the actual Cost Price for the delivered quantity.
Step 4: Calculate the total profit and profit percentage.
Now, calculate the profit percentage based on the actual cost price:
Rounding off to the nearest whole number, the total percentage of profit earned by the trader is 60%.
Let the actual cost price of 1000 grams of flour be ₹100.
Since the trader claims to sell the flour at a profit of 47%, the selling price for 1000 grams is given by:
The trader uses a weight that is 8% less than what is mentioned on it.
Actual weight delivered for a claimed weight of 1000 grams:
Since 1000 grams costs ₹100, the cost of 920 grams of flour to the trader is:
The trader receives ₹147 (the SP for 1000 g) while only providing flour worth ₹92 (the CP of 920 g).
Profit earned by the trader:
Access expert-curated educational resources and study materials—completely free.
Create, conduct, and manage professional online assessments with Mindyard. Perfect for teachers and institutes.
Copyright © 2026 Mindyard. All Rights Reserved.