A dishonest dealer professes to sell his goods at cost price, but uses 960 gms instead of 1 kg. Find the profit %
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Answered by
8
1000g=40g
1g=40/1000
100g=40/1000×100
=4% is profit
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0
Answer:
Step-by-step explanation:
Answer:
hey mate your answer is 4.167%.
Step-by-step explanation:
Percentage Gain = [(Selling Price - Cost Price) * 100] / Cost Price
Suppose the cost price of 1g is x.
Therefore,
Selling Price = 1000x (because he claims to be giving 1kg weight)
Cost Price = 960x (because the goods he actually gives is 960g)
So,
Percentage Gain = [(1000x - 960x) * 100] / 960x
Percentage Gain = [(40x) * 100] / 960x
Percentage Gain = 4000x / 960x
Percentage Gain = 25/6x = 4.167%
Hence, his percentage gain is 4.167%
hope it helps you
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