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Question

A trader claims to sell pulses at a profit of 48%, but also dishonestly uses a weight which is 12% 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.)

The correct answer is
68%

Understanding the Problem

This question asks us to calculate the total profit percentage earned by a trader. The trader uses two methods to increase profit: claiming a higher profit margin than the actual cost price and using a weighing scale that shows a higher weight than what is actually given to the customer (underweight).

Calculating Profit from Claimed Margin

The trader claims to sell pulses at a profit of 48%. Let's assume the cost price (CP) of the pulses is $100$.

The selling price (SP) based on this claim would be:

$ \text{SP}_{\text{claimed}} = \text{CP} \times (1 + \text{Profit Percentage}/100) $

$ \text{SP}_{\text{claimed}} = 100 \times (1 + 48/100) $

$ \text{SP}_{\text{claimed}} = 100 \times (1 + 0.48) $

$ \text{SP}_{\text{claimed}} = 100 \times 1.48 = 148 $

So, the trader intends to sell goods worth $100$ for $148$.

Calculating Profit from Dishonest Weight

The trader uses a weight that is 12% less than what is mentioned. This means when the scale shows 100 units (e.g., 100 grams or 100 kg), the trader actually gives only $100 - 12 = 88$ units.

The trader sells these 88 units of goods at the price intended for 100 units, which is $148$ (as calculated above).

Determining Actual Cost Price and Selling Price

  • The actual cost price (CP) for the goods the trader gives is the cost of 88 units, which is $88$.
  • The actual selling price (SP) received by the trader is the price for 100 units, which is $148$.

Calculating the Total Profit Percentage

Now we can calculate the actual profit and the profit percentage based on the actual cost price.

Actual Profit = Actual SP - Actual CP

Actual Profit = $148 - 88 = 60$

Total Profit Percentage = $ (\text{Actual Profit} / \text{Actual CP}) \times 100 $

Total Profit Percentage = $ (60 / 88) \times 100 $

To simplify the fraction $60/88$, we can divide both numerator and denominator by their greatest common divisor, which is 4:

$ \frac{60}{88} = \frac{60 \div 4}{88 \div 4} = \frac{15}{22} $

Now, calculate the percentage:

Total Profit Percentage = $ \frac{15}{22} \times 100 $

Total Profit Percentage = $ \frac{1500}{22} $

Total Profit Percentage $\approx 68.1818... \%$

Rounding the Answer

The question asks to round the answer to the nearest whole number.

Rounding $68.1818... \%$ to the nearest whole number gives $68\%$.

Conclusion

By combining the claimed profit margin and the dishonest underweight measure, the trader earns a total profit of approximately 68%.

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Important Questions from Dishonest Dealings

  1. A trader claims to sell pulses at a profit of 3%, but also dishonestly uses a weight which is 15% 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.)
  2. A trader claims to sell vegetables at a profit of 52%, 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.)
  3. 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.)

  4. A shopkeeper professes to sell his goods at a 20% loss but uses a false balance and gains 40%. The actual weight (rounded off to one decimal place) he uses for 1 kg is:
  5. A shopkeeper professes to sell his goods at a 60% loss but uses a false balance and gains 70%. The actual weight (rounded off to one decimal place) that he uses instead of 1 kg is:
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