Multiple choice

A dishonest dealer professes to sell his goods at cost price but uses a weight of $960\ gms$ instead of a $Kg$ weight. Find his gain $%$ ?

  1. $\dfrac { 27 }{ 4 }\%$
  2. `$\dfrac { 8 }{ 3 }\%$
  3. $\dfrac { 25 }{ 6 }\%$
  4. $\dfrac { 21 }{ 4 }\%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Gain % = (Error / (True Value - Error)) * 100. Error = 1000 - 960 = 40. Gain % = (40 / 960) * 100 = (1/24) * 100 = 100/24 = 25/6%.

Keep practicing — related questions