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profit and loss false weight
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A trader professes to sell his goods at a loss of 8% but weights 900 grams in place of a kg weight. Find his real loss or gain per cent.
A) 2% loss
B) 2.22% gain
C) 2% gain
D)None of these
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Sep 6, 2016
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S.P. = 0.92 C.P. = 0.92 / .9 C.P. due to false weight (he is paying the C.P. of only 0.9 fraction)
= 1.0222 C.P.
So, he gains 2.22%.
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Sep 7, 2016
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Arjun
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