Question
Download Solution PDFA dishonest shopkeeper professes to sell goods at his cost price but uses a false weight of 960 gm for each kilogram. What is his gain percent ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFShortcut Trick Let the CP be 100
CP : SP
100 : 100
960 : 1000
-------------------------
96 : 100
24 : 25
Profit % = (1/24) × 100
Profit % = 100/24 = 25/6 = 4\(\frac{1}{6}\)%
∴ The correct answer is Option (2).
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