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Question

A trader has a weighing balance that shows 1,200gm for a kilogram. He further marks up his cost price by 10%. Then the net profit percentage is
  1. 32%
  2. 23%
  3. 31.75%
  4. 23.5%

A
23%
B
31.75%
C
32%
D
23.5%
Solution
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CP - Cost price ; SP - Selling price ; MP - Marked price
Assume CP of 1gm=10Rs
Given, CP of 1200gm= SP of 1000gm
So, CP of 1200gm= SP of 1000gm=12000Rs
Hence, Profit <for say, 1000gm> = (SP-CP)/CP ×100=(1200010000)/10000×100=20

Now again marked up by 10
SO, Profit % =20+10+(20×10)100=32

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