Question

A dishonest trader sells goods of 900 grams weight as goods of 1 kg, then profit percentage is

Answer 1

Answer:

11.11%

Step-by-step explanation:

Define x:

Let x be the cost price of 1g of the goods

Find the cost Price of 900g of goods:

Cost price = 900x g

Find the selling price of the 900g of goods:

It was sold as 1kg of the good

Selling Price = 1000x g

Find the profit:

Profit = 1000x - 900x = 100x g

Profit percentage: (100x ÷ 900) x 100% = 11.11%

Answer: The profit margin is 11.11%

Answer 2

Answer

when a trader sell goods by providing different weight, then his profit or loss can be calculated by :

$\frac{what quantity customer pay}{what quantity customer get}$ = $\frac{1000}{900}$

Hence the profit for the trader is  $\frac{1}{9}$