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A dishonest dealer professes to sell goods at the cost price but uses a weight of 800 grams per kg, what is his percent?

Correct answer: B. 25%

  • A. 20%
  • B. 25%
  • C. 30%
  • D. 15%

Explanation

If 800 grams are supplied while the customer pays the cost price of 1,000 grams, the gain is the cost of 200 grams. Relative to the actual cost of 800 grams, the gain percentage is 200/800 x 100 = 25%. Students often choose 20% by dividing the shortage by the nominal 1,000 grams instead of by the cost of the goods actually 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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