A dishonest dealer claims to sell groceries at cost price and still makes a profit of . For a kg, he uses a weight of.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 975 g.
Profit = 2 22/39% = 100/39%
Let the dealer gives x kg instead of 1 kg.
Profit% = [(1 − x) / x] × 100
So,
(1 − x) / x × 100 = 100 / 39 ⇒ (1 − x) / x = 1 / 39 ⇒ 39(1 − x) = x ⇒ 39 − 39x = x ⇒ 39 = 40x
⇒ x = 39 / 40 = 0.975 kg or 975 g.