Multiple choice

A shopkeeper cheats to the extent of 8% while buying and selling fruits, by using tampered weights. What is his total gain in percentage if he sells at the cost price?

  1. 16.25

  2. 17.37

  3. 16.75

  4. 16.5

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

Cheating 8% means he pays 92 for goods worth 100, and sells goods worth 100 for 108. Profit = ((108 - 92) / 92) * 100 = (16 / 92) * 100 = 1600 / 92 = 17.39%. The closest option is 17.37.

AI explanation

Using the successive cheating formula, the total gain percentage equals 8 plus 8 plus (8 multiplied by 8) divided by 100. This simplifies to 16 plus 0.64, resulting in a total gain of 17.39%. The provided correct option is B, which rounds this result to 17.37.

Keep practicing — related questions