Question
Download Solution PDFA dishonest shopkeeper sells rice at the cost price but he uses a faulty weight of 925g for 1000g. Find his gain percentage.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Actual weight = 1000g
Weight used by shopkeeper = 925g
Concept: Gain% = [(SP - CP)/CP] × 100%
Solution:
⇒ Gain = 1000g - 925g = 75g
⇒ Gain% = (75g / 925g) × 100% = 8.11%
Hence, his gain percentage is 8.11%.
Note: In this case, the selling price (SP) is considered as the actual weight and the cost price (CP) is the weight the shopkeeper uses.
Last updated on Jun 6, 2025
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