New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A dishonest dealer professes to sell his goods at cost

    price, but he uses a weight of 990 gm for the kg weight. Find his gain per cent.
    A 4% Correct Answer Incorrect Answer
    B 1.01% Correct Answer Incorrect Answer
    C 6% Correct Answer Incorrect Answer
    D 3.33% Correct Answer Incorrect Answer

    Solution

    Suppose goods cost the dealer Re 1 per kg. He sells for Re 1 what cost him Re 0.99. Gain on Re 0.99 = Re 1- 0.99 = Re 0.01 Gain on Rs. 100 = 0.01 * 100/0.99 = 1.01% Gain% = 1.01% Alternate Method: Gain% = (True weight – False weight) * 100/ False weight = (1000 – 990)*100/990 = 1.01%

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