Question

A confectioner sell his goods at cost price but he uses a false weight of 940 grams for 1 kg.
Find his gain per cent.
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Answer 1

Answer: $\frac{300}{47}$= 6.38% is the answer to the question

Given: The Confectioner sells his goods at CP but he uses false weight of 940 gms. for 1 kg.

To Find: We have to find his gain%.

Step-by-step explanation: We will calculate his gain % using the following steps:

Step 1:

Cost Price is the price costing to the shopkeeper or the price he has paid to buy it from the wholesaler

Selling Price is the price at which the shopkeeper is selling his goods.

When SP is greater than CP then the difference between CP and SP is equal to profit.

Let the CP be ₹x/gm

940 gms is costing him 940x

But he is using false weights and selling it as 1kg

Therefore, he is selling it as 1000gm at 1000x

So, SP=1000x

Step 2:

Profit = SP-CP=1000x-940x=60x

Profit%= $\frac{P}{CP} *100$ = $\frac{60x}{940x}*100$ = $\frac{300}{47}$% = 6.38%

To know more about Profit and Loss questions, refer to the links below:

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