A trader sells pulses at a 32% profit and uses weights 20% less than the actual measure. Find his gain percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 65%.
Let's assume the trader buys 1000 grams of pulses at a cost price of Rs. 100.
Profit on Selling Price:
Selling Price (SP) = 100 + 32% of 100 = Rs. 132
Loss on Weight:
Actual weight sold = 1000 - 20% of 1000 = 800 grams
Effective Cost Price (ECP):
Since he's selling 800 grams for Rs. 132, the effective cost price for 800 grams is:
ECP = (100/1000) * 800 = Rs. 80
Profit:
Profit = SP - ECP = 132 - 80 = Rs. 52
Profit Percentage:
Profit Percentage = (Profit/ECP) × 100 = (52/80) × 100 = 65%
Therefore, the trader's overall gain percentage is 65%.