Profit and Loss – Short weight deception at “cost price”: A dealer claims to sell at cost price but uses a 900 g weight as if it were 1 kg. What is his actual gain percentage?
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A11 1/9%
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B11%
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C10%
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D9%
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E12.5%
Answer
Correct Answer: 11 1/9%
Explanation
Introduction / Context:Using a short weight increases the effective price per kilogram, creating a hidden gain even if the stated price equals the cost price per kilogram.
Given Data / Assumptions:
- Claimed unit: 1 kg
- Actual delivered: 900 g
- Quoted price equals cost price per 1 kg
Concept / Approach:If customer pays for 1 kg but receives only 0.9 kg, the dealer collects the price of 1 kg while parting with 0.9 kg that costs him less. Gain% is computed on dealer’s cost for 0.9 kg.
Step-by-Step Solution:Let cost price per kg = Rs 100 (any convenient number)Dealer sells “1 kg” at Rs 100 but gives 0.9 kg whose cost = 0.9 * 100 = Rs 90Gain = 100 - 90 = Rs 10Gain% = 10 / 90 * 100 = 11.111...% = 11 1/9%
Verification / Alternative check:Formula: gain% = (1000 - 900) / 900 * 100 = 11.111...%
Why Other Options Are Wrong:11%, 10%, and 9% are approximations that do not match the exact 11 1/9%. 12.5% is too high.
Common Pitfalls:Using 1000 as the denominator or computing profit on SP rather than CP.
Final Answer:11 1/9%