If a seller proposes to sell his goods at the cp but uses a fake mask of 960gm for 1kg. find his gain percentage.
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Given:-
- A seller proposes to sell his goods at the Cost Price but uses a fake mass of 960 gm for 1 kg.
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Need to find:-
- Gain percentage = ?
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Solution:-
☯ Let the Cost price of 1 kg be ₹100
- As he proposes to sell the product at Cost price his selling price for 1 kg is ₹100⠀
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[ Refer to the attachment ]
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- By substituting the values, we got the value Cost price as 96.
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* C.P. = ₹96 and S.P = ₹100
→ Gain = S.P. - C.P.
→ Gain = 100 - 96
→ Gain = ₹4⠀
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We know that,
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Putting the values,
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Hence,
- The Gain % is
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Note :
- C.P. denotes Cost price
- S.P. denotes Selling price
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