A dealer professes to sell his goods at cost price and uses an 880gm weight instead of a kg. What is his percentage of gain?

A dealer professes to sell his goods at cost price and uses an 880gm weight instead of a kg. What is his percentage of gain?

  1. 13.13%
  2. 13.33%
  3. 13.36%
  4. 13.63%

Answer : 4

Solution:

Gain % = 1000/880 => 1. 1363 => 13.63%

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READ  In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

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