Profit and Loss – Short weight with stated price gain: A seller uses a 920 g weight in place of 1 kg and also sells at a 15% gain on cost price. What is his actual overall profit percentage?
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A20%
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B15%
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C25%
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D30%
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E18%
Answer
Correct Answer: 25%
Explanation
Introduction / Context:Short weight inflates the effective selling price per true kilogram, and a nominal price gain compounds the effect. Convert both influences to multiplicative factors to find the true overall gain percentage.
Given Data / Assumptions:
- Uses 920 g instead of 1000 g (1 kg)
- Advertised price gain = 15%
Concept / Approach:Short weight factor = 1000 / 920. Price factor = 1.15. Overall multiplier = 1.15 * (1000/920). The net gain percentage equals (overall multiplier − 1) * 100.
Step-by-Step Solution:Short weight factor ≈ 1.086956Overall = 1.15 * 1.086956 ≈ 1.25Profit% ≈ (1.25 − 1) * 100 = 25%
Verification / Alternative check:Per true kg, revenue becomes 15% higher and then further scaled by 1000/920 ≈ 1.086956, giving 1.25 overall—an exact 25% gain.
Why Other Options Are Wrong:20% and 18% are too low; 30% is too high; 15% ignores the short-weight advantage.
Common Pitfalls:Adding 15% and 8.6956% directly rather than multiplying factors.
Final Answer:25%