A dishonest trader says to customers that he sells his goods at a cost price, but he uses a false weight and gains 12.5 % as profit. How many grams does he use to weigh 1 kg ? |
900 g 880.5 g 850 g 888.8 g |
888.8 g |
Gain % = \(\frac{(Error)}{(True \; value – Error)}\) × 100 Seller uses a weight of 800 gms for 1 kg. 1 kg = 1000 gms. Error in weight = 1000 – 800 = 200 gms. According to the formula, Gain % = [\(\frac{200}{1000-200}\)] × 100 ⇒ (\(\frac{200}{800}\)) × 100 ⇒ 25% |