Question

A balance of a trader weighs 20 less than it should be. Still the trader mark-up his goods to get the overall profit 35%

Answer 1

Answer:

The answer is 8%.

Step-by-step explanation:

Profit % = 35%

Mark up on cost price = [35-20-(35 x 20 / 100)]%

15−7 = 8%...

Thus the mark- up on the cost price is 8%.

Answer 2

Answer:

trader mark-up his goods  8 %

Step-by-step explanation:

Let say cost price per kg  = 100C

then He weighs 20 % less

=> He Weighed = 1 - (20/100)* 1  = 0.8 kg

Cost Price of 0.8 kg = 0.8 * 100 C  = 80C

He gets profit of 35 %

Profit = (35/100)80C  = 28C

Selling Price = 80C + 28C = 108C

Marked up price = 108C  against 100C

((108C - 100C)/100C ) * 100 = 8 %

trader mark-up his goods  8 %