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A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is:________?

Correct answer: D. 11 1/9

  • A. 9
  • B. 10
  • C. 11
  • D. 11 1/9

Explanation

He charges the cost price of 1,000 grams but supplies only 900 grams. If 900 grams costs Rs. 90, he collects Rs. 100, so profit is Rs. 10 on Rs. 90. Profit percentage = (Rs. 10 ÷ Rs. 90) × 100 = 11 1/9%, not 10%, because the gain is calculated on the actual cost of the 900 grams supplied.

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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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