Question

THE WEIGHING BALANCE OF A DEALER SHOWS 700 gms INSTEAD of 1 Kg. FIND THE PROFIT OR LOSS%?​

Answer 1

Answer:

Step-by-step explanation:

the false weight=700gms

the difference in weight=1000-700=300

300*100/700

=300/7=42.85% gain

Answer 2

Answer:

The profit is $42.85$%.

Step-by-step explanation:

Given:

Weight used instead of $1kg$ weight $=700 grams$

Formula used

Profit percentage = [(Cost price of $1kg-$ cost price of $700$ grams)/ cost price of $700 grams]\times 100$

Calculation:

Let the cost price of a $1kg$ item $=Rs$ $a$

The cost price of $700$ gram item $=Rs 0.7a$

According to the question

The selling price of $700g$ of item = Cost price of $1kg$ item $=Rs$ $a$

So profit percentage will be $=[(a-0.7a)/0.7a]\times 100$

$\Rightarrow (0.3a/0.7a)\times 100$

$\Rightarrow 42.85$%

A dealer profit percentage is $42.85$%.

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