A trader claims to sell wheat at a profit of 29%, but also dishonestly uses a weight which is 30% 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.)
Given:
Claimed profit = 29%
Weight used is 30% less than the actual weight
Find the total percentage profit (nearest whole number).
Formula Used:
If a trader claims profit = (p%) and gives (x%) less weight, then
Net Gain % =
Solution:
Here, p = 29, x = 30
Net Gain % =
= (1.842857 - 1) × 100
= 84.2857%
Rounded to the nearest whole number: 84%
Alternate Solution(Exam-hall trick):
English
100 Questions
100 Marks
90 Mins English English100 Questions100 Marks90 Mins English English40 Questions30 Marks25 Mins EnglishA trader claims to sell wheat at a profit of 29%, but also dishonestly uses a weight which is 30% 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.)
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