Multiple choice

A tradesman by means of his false balance defrauds to the extent of 10% in buying the goods as well as by selling the goods. What percent does he gain on his outlay by means of his dishonesty?

  1. 20%

  2. 24%

  3. 21%

  4. 22.22%

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

(Using the short-cut: Gain% = 2x + x% of x = 2 X 10 + 10% of 10 = 20 + 1 = 21% OR If he starts with Rs.100, he gets goods worth Rs.110. By selling goods worth Rs.110, he getsRs.110 X 110% = Rs.121. Therefore his gain is 21%)

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