A dishonest seller sells his goods at cost price and uses a fault weight to gain profit. If he measures 800 gms instead of a kilo, find his gain%?
Question
A dishonest seller sells his goods at cost price and uses a fault weight to gain profit. If he measures 800 gms instead of a kilo, find his gain%?
Solution
Sure, here is the step by step solution:
Step 1: Understand the problem The seller is selling his goods at cost price but is using a faulty weight to gain profit. He measures 800 grams instead of a kilogram (which is 1000 grams). We need to find out his gain percentage.
Step 2: Calculate the difference in weight The difference in weight is 1000 grams (actual weight) - 800 grams (measured weight) = 200 grams.
Step 3: Calculate the gain percentage The gain percentage is calculated by dividing the difference in weight by the actual weight and then multiplying by 100 to get a percentage. So, the gain percentage is (200/1000) * 100 = 20%.
So, the seller's gain percentage is 20%.
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