A dishonest dealer claims to sell his goods at the cost price but uses a false weight of 900 gm for 1 kg what is his gain percent?
Correct answer: B. 11 1/9 %
- A. 13 %
- B. 11 1/9 %
- C. 11.25 %
- D. 12 1/9 %
Explanation
For every 1 kg sold, the dealer actually supplies only 900 g, whose cost is 0.9 times the cost of 1 kg. If the selling price equals the stated cost of 1 kg, the gain is 0.1/0.9 × 100% = 11 1/9%. A student may choose c, 11.25%, by dividing the gain by the full 1 kg cost instead of by the actual 900 g cost.
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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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