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A dishonest dealer professes to sell his...

A dishonest dealer professes to sell his goods at cost price, but he uses a weight of `960` grams for `1 kg`. Find his gain percent.

A

`4.557%`

B

`4.167%`

C

`3167%`

D

`2.567%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the gain percent of the dishonest dealer who uses a weight of 960 grams instead of 1 kg (1000 grams). ### Step 1: Identify the True Value and False Value - **True Value**: This is the actual weight that should be sold, which is 1 kg = 1000 grams. - **False Value**: This is the weight that the dealer actually sells, which is 960 grams. ### Step 2: Calculate the Error - **Error**: This is the difference between the true value and the false value. \[ \text{Error} = \text{True Value} - \text{False Value} = 1000 \text{ grams} - 960 \text{ grams} = 40 \text{ grams} \] ### Step 3: Use the Gain Percent Formula The formula for gain percent is given by: \[ \text{Gain Percent} = \left( \frac{\text{Error}}{\text{False Value}} \right) \times 100 \] ### Step 4: Substitute the Values into the Formula - Substitute the error (40 grams) and the false value (960 grams) into the formula: \[ \text{Gain Percent} = \left( \frac{40}{960} \right) \times 100 \] ### Step 5: Simplify the Calculation - First, simplify the fraction: \[ \frac{40}{960} = \frac{1}{24} \] - Now, multiply by 100: \[ \text{Gain Percent} = \left( \frac{1}{24} \right) \times 100 = \frac{100}{24} = 4.1667 \text{ (approximately)} \] ### Step 6: Convert to a Percentage - To express it as a percentage: \[ \text{Gain Percent} \approx 4.17\% \] ### Final Result The gain percent of the dishonest dealer is approximately **4.17%**. ---
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