A trader claims to sell vegetables at a profit of 57%, but also dishonestly uses a weight which is 13% 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.)
- AOption (a)
80%
- BOption (b)
79%
- COption (c)
85%
- DOption (d)
75%
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Correct answer
80%
Why this answer is correct
Shortcut Trick
Let the base value of the goods be 100.
Claimed Selling Price = 100 + 57 = 157
Actual Cost Price (due to using 13% less weight) = 100 − 13 = 87
Profit = Claimed SP − Actual CP = 157 − 87 = 70
Total Profit % = (70 ÷ 87) × 100 ≈ 80.46% ≈ 80%
∴ The correct answer is 80%.
Alternate Method
Given:
Claimed profit percentage = 57%
Dishonest weight used = 13% less than the marked weight
Formula Used:
Profit % = [(Selling Price − Cost Price) ÷ Cost Price] × 100
Dishonest Dealer Profit Calculation
Actual CP: 87
Profit: 70
Selling Price: 157
Total Profit % = (70 ÷ 87) × 100 ≈ 80%
Calculations:
⇒ Let the cost price of 1000 g of vegetables be ₹ 1000.
⇒ The trader claims a profit of 57%, so Selling Price (SP) for 1000 g = 1000 + (57% of 1000) = ₹ 1570.
⇒ However, the trader uses a weight 13% less than 1000 g.
⇒ Actual weight given to the customer = 1000 − (13% of 1000) = 1000 − 130 = 870 g.
⇒ The actual Cost Price (CP) incurred by the trader is for the given 870 g = ₹ 870.
⇒ Profit earned by the trader = SP − CP = 1570 − 870 = ₹ 700.
⇒ Total Profit % = (700 ÷ 870) × 100
⇒ Total Profit % = (70 ÷ 87) × 100 = 7000 ÷ 87 ≈ 80.459%
⇒ Rounding off to the nearest whole number gives 80%.
∴ The correct answer is 80%.
Additional Information
Dishonest Dealer Formula
When a dealer claims to sell at Cost Price but uses false weight, the true profit percentage is given by: [Error ÷ (True Weight − Error)] × 100.
Combined Effect in Dishonest Dealing
When a trader manipulates both the selling price (mark up) and the weight, calculate the effective Cost Price for the actual quantity given and compare it with the charged Selling Price to find the total profit.
Successive Percentage Change
Alternatively, the net effect of two successive changes of x% and y% can be calculated using the formula: Net % = x + y + (x × y) ÷ 100.