A trader sells pulses at a 32% profit and uses weights 20% less than the actual measure. Find his gain percentage.
Correct Answer :
65%
Solution :
The correct answer is 65%.
To find the trader's total gain percentage, we can analyze the cost price and the selling price based on a standard unit of weight.
Let us assume that the cost price (CP) of 1000 grams of pulses is 1000 units. Thus, the CP of 1 gram is 1 unit.
First, let's find the selling price (SP) that the trader sets. The trader sells the pulses at a 32% profit on the cost price of the actual measure he claims to sell (1000 grams):
So, the trader charges the customer 1320 units for a claimed 1000 grams of pulses.
Second, let's determine the actual quantity of pulses the trader delivers. Since he uses weights that are 20% less than the actual measure, the delivered quantity is:
Now, let's calculate the cost price of this delivered quantity to the trader. Since 1 gram costs 1 unit, the cost of 800 grams is:
Therefore, the trader is selling goods that cost him 800 units for a price of 1320 units.
We can now calculate the total profit made by the trader:
Finally, we calculate the gain percentage based on the effective cost price of the goods delivered:
Thus, the trader's total gain percentage is 65%.
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