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A seller sells the goods at a profit of 16%. In order to make extra profit he also uses fault weight. If he measures 820gms instead of a kilo, find his net gain (%) ?Question 11Answera.39%b.33.33%c.41.46%d.36%

Question

A seller sells the goods at a profit of 16%. In order to make extra profit he also uses fault weight. If he measures 820gms instead of a kilo, find his net gain (%) ?Question 11Answera.39%b.33.33%c.41.46%d.36%

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Solution

To solve this problem, we need to first understand that the seller is making a profit in two ways:

  1. By selling the goods at a 16% profit.
  2. By giving less weight than what he is claiming (820g instead of 1000g).

Step 1: Calculate the weight deception profit

The seller is claiming to sell 1000g but is actually selling only 820g. This means he is making an extra profit on the weight he is not giving.

The weight he is not giving is 1000g - 820g = 180g.

So, the profit he is making from this deception is (180g / 820g) * 100 = 21.95%.

Step 2: Calculate the total profit

Now, we add this profit to the profit he is making by selling the goods at a 16% profit.

So, the total profit is 16% + 21.95% = 37.95%.

Therefore, the seller's net gain is approximately 38% (when rounded to the nearest whole number).

So, the correct answer is not in the options given. The closest option is d. 36%, but it's not the exact answer.

This problem has been solved

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