Question

A tradesman by means of false balance defrauds to the extent of 20% in buying goods and also defrauds to the extent of 20% in selling.Find the gain per cent

Answer 1

Let the original price be x.

The new SP = 6x/5

Now, extent= 36x/25

Gain= (36x/25)-x

= 11x/25

Gain%= (1100/25)%

= 44%