A dishonest trader says to customers that he sells his goods at a cost price, but he uses a false weight and gains 12.5% as profit. How many grams does he use to weigh 1 kg?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 888.8 g.
The trader sells the goods at cost price, gains 12.5%.
Selling weight = 1000 grams and Profit = 12.5%
12.5 =
⇒ 12.5 C.P. = 100000 - 100C.P.
⇒ 112.5 C.P. = 100000
⇒ C.P. = 100000/112.5
⇒ C.P. = 888.88
Hence, the trader uses 888.88 grams of weight while selling his goods in place of 1 Kg.