This solution details the calculation to determine the actual weight used by a shopkeeper who claims a percentage loss but achieves a different percentage gain using a false balance.
Define Variables and Conditions:
Calculate the Selling Price (SP) based on the claimed loss:
The SP for the intended quantity (1000 gm) is set according to the claimed loss:
SP = $CP_{1000} \times (1 - \text{Loss Percentage})$
SP = $100 \times (1 - 0.20) = 100 \times 0.80 = 80$.
This SP of 80 represents the total revenue received for the transaction.
Calculate the actual Cost Price (CP) for the weight supplied:
The CP per gram = $100 / 1000 = 0.1$.
The actual cost incurred by the shopkeeper for the weight $x$ grams is:
Actual CP = $x \times CP_{per\_gram} = x \times 0.1 = \frac{x}{10}$.
Apply the Gain Percentage Formula:
The shopkeeper gains 40% on the actual cost. The formula for gain percentage is:
Gain Percentage = $\frac{SP - \text{Actual CP}}{\text{Actual CP}} \times 100$
Substitute the known values:
$40 = \frac{80 - (x/10)}{(x/10)} \times 100$
Solve for the actual weight $x$:
Convert the percentage to decimal:
$0.40 = \frac{80 - (x/10)}{(x/10)}$
Multiply both sides by $(x/10)$:
$0.40 \times \frac{x}{10} = 80 - \frac{x}{10}$
$0.04x = 80 - 0.1x$
Gather terms with $x$ on one side:
$0.04x + 0.1x = 80$
$0.14x = 80$
Isolate $x$:
$x = \frac{80}{0.14} = \frac{8000}{14} = \frac{4000}{7}$
Calculate the final value and round:
$x \approx 571.42857...$ gm
Rounding the result to one decimal place gives the actual weight used:
Actual weight = 571.4 gm.
The shopkeeper uses an actual weight of approximately 571.4 gm when intending to sell 1 kg, while claiming a 20% loss, ultimately achieving a 40% gain.
A trader claims to sell fruits at a profit of 22%, but also dishonestly uses a weight which is 4% 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.)