A person sells a packet on the cost price by using a faulty weight 10% less than the actual measure. What is his gain percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e.11%
Let the cost price of a packet be 1000 Rs per 1000 gm
But he using faulty weight 10% less than the actual measure means 900 gm
He sells this packet on cost price by using 10 % false weight = 1000 Rs per 900 gm
His gain percentage = ([1000 - 900)/900] × 100
= 100/9 = 11%