Knowee
Questions
Features
Study Tools

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 12Answera.36%b.33.33%c.41.46%d.39%

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 12Answera.36%b.33.33%c.41.46%d.39%

🧐 Not the exact question you are looking for?Go ask a question

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 profit of 16%.
  2. By using a faulty weight and giving 820gms instead of 1kg (1000gms).

Let's calculate the total profit:

Step 1: Calculate the profit made by using faulty weights.

The seller is giving 820gms instead of 1000gms. So, he is saving 180gms on every kilogram.

This means, the profit percentage due to faulty weights is (180/820)*100 = 21.95%.

Step 2: Add this to the profit made by selling the goods at a 16% profit.

So, the total profit percentage is 16% (profit on selling) + 21.95% (profit on weights) = 37.95%.

Therefore, the seller's net gain is approximately 38%, which is closest to option (d) 39%.

This problem has been solved

Similar Questions

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%?

A seller profess to sell goods at cost price but to earn profit he use false weight of 10% both the times while buying and selling the goods. What will be the overall profit he earned in the transaction?a.30%b.24%c.18.18%d.22.22%

A dishonest shopkeeper claims to sell goods at cost price but uses a weight of 900 gm for 1 kg. find the percentage profit to the shopkeeper?

A dishonest dealer sells his goods at the cost price and still earns a profit of 20% by under weighing. What weight does he use for a kg?a.750.63gramsb.200gramsc.800gramsd.833.34grams

A shopkeeper sells his goods at a profit of 10%. But he used weight of 800 gm instead of 1000 gm while buying. Find his actual profit.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.