A trader sells wheat at 10% profit and uses weight 10% less than the actual measure. What is his actual percentage gain?
A trader sells wheat at 10% profit and uses weight 10% less than the actual measure. What is his actual percentage gain?
Solution
Let the cost price of 1 kg wheat = Rs. 100
When selling at 10% profit, the selling price per kg = Rs. 110
The trader uses a weight 10% less than the actual measure.
When a customer asks for 1 kg, the trader gives only 0.9 kg but charges Rs. 110.
The actual cost for 0.9 kg:
Cost =
Cost = Rs. 90
Selling Price = Rs. 110
Cost Price = Rs. 90
Profit =
Profit = Rs. 20
Profit percentage:
Profit % =
Profit % =
Profit % =
Profit % =
Using the formula:
Actual Gain % =
Actual Gain % =
Actual Gain % =
Actual Gain % =
Therefore, the actual percentage gain is .
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