Math Problem Statement

Question No 61.

Time Left: 01:08

A trader marked up his goods by 70% and gave a discount of 20% Besidos, he has a faulty balance that weighs 15% less while selling the goods. What is the percentage profe mado by the trader in this transaction?

  1. 35%

  2. 45%

*3) 50%

  1. 60%

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage
Profit and Loss
Markups and Discounts
Faulty Balance

Formulas

Marked Price = Cost Price × (1 + Markup Percentage)
Selling Price = Marked Price × (1 - Discount Percentage)
Effective Cost Price = Cost Price × Effective Weight Percentage
Profit Percentage = [(Selling Price - Effective Cost Price) / Effective Cost Price] × 100

Theorems

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Suitable Grade Level

Grades 10-12