Multiple choice

Salman has opened a store, keeping the concept of 'no profit' or 'very less profit' in mind. Therefore, he claims that he majorly sells his goods at cost price. But, the twist in the tale is that he uses 4½ kg weight for 5 kg weight. Find his gain percent.

  1. 1.11%

  2. 11.11%

  3. 111.1%

  4. 900%

  5. 0.11%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Salman uses 4.5 kg weight for a 5 kg sale. The profit is the difference in weight (0.5 kg) divided by the weight actually used (4.5 kg). Profit percent = (0.5 / 4.5) * 100 = 11.11%.

AI explanation

Using the faulty weight profit formula, Profit Percent = Error divided by (True Value minus Error) times 100. The error in weight is 5 kg minus 4.5 kg, which equals 0.5 kg. Substituting these values gives a profit percentage of (0.5 divided by (5 minus 0.5)) times 100, simplifying to (0.5 divided by 4.5) times 100, which equals 11.11%.

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