A dishonest dealer is selling sugar at ₹40 per kg and pretending that he is selling it at a loss of ₹5 per kg but he actually gives 800 g instead of 1 kg, using a faulty weight. What is his actual profit or loss percent?
Answer & explanation
Correct answer: option 2
SP = Rs. 40 /kg, used faulty weight and gave 800g in place of 1 kg
It is given in the question that he is pretending to sell a kg of sugar at a loss of Rs. 5 per kg
CP - SP = 5
CP = 45 per Kg (Since, SP = 40 per kg)
He is using faulty weight and gives 800g instead of 1 kg,
Suppose he sells a 1 kg sugar to a customer,
The CP of the 1 kg of sugar = Rs. 45
But he actually gave 800g to a customer so the cost paid by the dealer to purchase that sugar will be,
The CP of the 800 kg of sugar = \(\frac{45}{1000}\) × 800 = 36
Profit % = \(\frac{40 - 36}{36}\) × 100 = Gain, 11$\frac{1}{9}$%