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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 gm for the kg weight. Find his gain percent.

A

`2.8%`

B

`4 (1)/(6) %`

C

`4.16%`

D

`3 (1)/(3) %`

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AI Generated Solution

The correct Answer is:
To solve the problem of finding the gain percent of a dishonest dealer who sells goods at cost price but uses a weight of 960 grams instead of 1000 grams, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the Selling Price and Cost Price**: - The dealer sells the goods at the cost price of 1 kg (1000 grams). - Therefore, the selling price (SP) for 1 kg is the cost price (CP) of 1 kg. \[ SP = CP = 1000 \text{ (Assuming the cost price for 1 kg is 1000 units of currency)} \] 2. **Determine the Actual Weight Sold**: - The dealer uses a weight of 960 grams instead of 1000 grams. - This means when he sells 1 kg, he is actually giving only 960 grams. 3. **Calculate the Cost Price for 960 grams**: - Since the cost price for 1 kg (1000 grams) is 1000 units, the cost price for 960 grams can be calculated as follows: \[ CP \text{ for 960 grams} = \left(\frac{960}{1000}\right) \times 1000 = 960 \text{ units} \] 4. **Calculate the Gain**: - The gain can be calculated as the difference between the selling price and the cost price for the actual weight sold. \[ \text{Gain} = SP - CP \text{ for 960 grams} = 1000 - 960 = 40 \text{ units} \] 5. **Calculate Gain Percent**: - Gain percent is calculated using the formula: \[ \text{Gain Percent} = \left(\frac{\text{Gain}}{\text{CP for 960 grams}}\right) \times 100 \] Substituting the values we have: \[ \text{Gain Percent} = \left(\frac{40}{960}\right) \times 100 \] 6. **Simplify the Calculation**: - Now, simplify the fraction: \[ \text{Gain Percent} = \left(\frac{40 \times 100}{960}\right) = \frac{4000}{960} \] - Dividing both the numerator and denominator by 40: \[ \text{Gain Percent} = \frac{100}{24} \approx 4.1667 \] - To express this as a percentage: \[ \text{Gain Percent} = \frac{25}{6} \text{ percent} \approx 4.17 \text{ percent} \] ### Final Answer: The gain percent of the dishonest dealer is approximately **4.17%** or **\(\frac{25}{6}\%\)**.
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