Claims to sell at cost but uses 920 g as “1 kg” — find true gain A dealer professes to sell at cost price but uses a 920 g weight instead of 1 kg. What is his gain percentage?

Aptitude Profit and Loss Difficulty: Easy
Choose an option
  • A
    8 16/23% gain
  • B
    7 1/2% gain
  • C
    9 1/11% gain
  • D
    6 1/4% gain
  • E
    10% gain

Answer

Correct Answer: 8 16/23% gain

Explanation

Introduction / Context:Short-weight tricks produce profit even when the posted price equals cost price. Charging for 1 kg while delivering only 920 g yields a gain because the seller's cost is incurred on a smaller mass than billed.

Given Data / Assumptions:

  • Charge as if 1 kg is delivered, at cost price per kg.
  • Actual delivered mass = 0.92 kg.
  • Uniform cost per true kg.

Concept / Approach:If CP per true kg = C, then revenue for a “1 kg” sale = C. Actual cost incurred = 0.92C. Profit fraction on cost = (C − 0.92C)/(0.92C) = (0.08/0.92) = 8/92 = 2/23. Convert to percent for the answer.

Step-by-Step Solution:Profit fraction = 1/0.92 − 1 = (1 − 0.92)/0.92 = 0.08/0.92 = 2/23.Profit% = (2/23) * 100 = 200/23 % = 8 16/23%.

Verification / Alternative check:Numerical check: Take C = ₹100: charge ₹100 but incur cost on 0.92 kg = ₹92; profit = ₹8; profit% = 8/92 * 100 ≈ 8.6956% = 8 16/23%.

Why Other Options Are Wrong:Other percentages do not equal 200/23% and therefore do not match a 920 g short weight.

Common Pitfalls:Using 8% directly instead of 8/92, or confusing percent of SP with percent of CP.

Final Answer:8 16/23% gain

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