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A dishonest shopkeeper sells sugar at Cost price but uses 600 gms in place of 1 kg weight. What is his actual gain percentage?1. 66.67%2. 33.34%3. 25%4. 54%5. 25.67% |
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Answer» Correct Answer - Option 1 : 66.67% Given: A dishonest shopkeeper sells sugar at Cost price but uses 600 gm in place of 1 kg weight. Formula used: Profit or Gain % = {(Selling price – Cost price)/Cost price} × 100 Calculation: Let be 1 gram = 1 rupees The cost price of sugar for shopkeeper = Rs. 600 The selling price of sugar for shopkeeper = Rs. 1000 ⇒ Profit or Gain% = {(1000 – 600)/600} × 100 ⇒ (400/600) × 100 ⇒ 66.67% ∴ The actual gain percentage of shopkeeper is 66.67%. |
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