Question

A seller uses 900 gm in place of 1 kg to sell his goods. Find his actual % profit or loss, when he sells this article on 10% gain on cost price

Answer 1

Answer:

$P\%=22.22%$

Step-by-step explanation:

Given : A seller uses 900 gm in place of 1 kg to sell his goods.

To find : His actual % profit or loss, when he sells this article on 10% gain on cost price?

Solution :

Let 1 kg of goods= Rs.100

900 gm = Rs.90

He sells this article on 10% gain on cost price.

SP=100+10=110

It contain 900 of CP

For seller = Rs.90

Profit = CP-SP

P=110-90=20

Profit% is

$P\%=\frac{20}{90}\times 100$

$P\%=22.22%$

Answer 2

A seller uses 900 gram in place of 1 kg to sell his goods.

We have to find his actual % profit or loss, when he sells this article on 10% gain on cost price.

in this type of questions, we should sve on the basis of weight, it will be easier to find the actual profit or loss.

let's solve it.

seller uses 900 gram in place of 1000g and gain 10% gain on 1000g gram.

it means, selling price of goods for,

= (1000g + 10% of 1000)gram = 1100gram

but cost price of goods for 900gram

so the actual profit = (selling price - cost price)/cost price × 100

= (1100 - 900)/900 × 100

= 200/9

= 22.22%

Therefore the actual profit the seller gained is 22.22 %