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Question

A dishonest dealer professes to sell grains at cost price, but he uses a weight of 925 g for 1 kg weight. Find his gain percentage. (Approximate to two decimals.)

This question was previously asked in
SSC Selection Post 2024 Question Paper (26-Jun-2024) (Shift-4)
The correct answer is
0.0811

Calculating Gain Percentage for a Dishonest Dealer

This problem involves a common scenario where a shopkeeper tries to make extra profit by using tampered weights. We need to find the actual gain percentage when a dishonest dealer claims to sell goods at cost price but uses a faulty weight.

Understanding the Dealer's Trick with Faulty Weight

The core of the problem lies in the discrepancy between the weight the dealer claims to sell and the weight they actually provide. Here's the breakdown:

  • The dealer professes to sell grains at the cost price.
  • However, instead of using a standard 1 kg (which is 1000 g), the dealer uses a weight of only 925 g. This means for every 1 kg the customer thinks they are receiving, they are actually getting only 925 g.
  • The dealer effectively buys goods at the price of 925 g but sells them at the price of 1000 g.

Step-by-Step Gain Percentage Calculation

To find the gain percentage, we compare the profit made against the actual cost incurred by the dealer.

Step 1: Determine the Cost Price (CP) Perspective

The dealer incurs cost based on the actual amount of grain given to the customer. Since the dealer uses a 925 g weight instead of 1 kg (1000 g), the cost price is effectively for 925 g of grain.

Let the cost price of 1 gram of grain be '$c$'.

Actual Cost Price (CP) = Cost of 925 g = $925 \times c$

Step 2: Determine the Selling Price (SP) Perspective

The dealer charges the customer the price equivalent to 1 kg (1000 g) of grain, even though they only give 925 g.

Apparent Selling Price (SP) = Price for 1000 g = $1000 \times c$

Step 3: Calculate the Gain Amount

The gain is the difference between the selling price and the cost price.

Gain = SP - CP

Gain = $(1000 \times c) - (925 \times c)$

Gain = $75 \times c$

Step 4: Calculate the Gain Percentage

The formula for gain percentage is:

Gain Percentage = $ (\frac{\text{Gain}}{\text{CP}}) \times 100 $

Substitute the values we found:

Gain Percentage = $ (\frac{75 \times c}{925 \times c}) \times 100 $

The '$c$' (cost price per gram) cancels out:

Gain Percentage = $ (\frac{75}{925}) \times 100 $

Step 5: Simplify and Find the Numerical Value

First, simplify the fraction $\frac{75}{925}$. Both numbers are divisible by 25:

$ 75 = 3 \times 25 $

$ 925 = 37 \times 25 $

So, the fraction becomes:

$ \frac{75}{925} = \frac{3}{37} $

Now, calculate the gain percentage:

Gain Percentage = $ \frac{3}{37} \times 100 = \frac{300}{37} $

Performing the division:

$ \frac{300}{37} \approx 8.108108... $

This is approximately $8.11\%$.

Interpreting the Options

The options provided are in decimal format (e.g., 0.0811). This suggests that the question might be asking for the gain as a decimal fraction of the cost price (Gain / CP) rather than the percentage value.

Let's calculate the gain fraction directly:

Gain Fraction = $ \frac{\text{Gain}}{\text{CP}} = \frac{75 \times c}{925 \times c} = \frac{75}{925} $

As calculated before:

$ \frac{75}{925} = \frac{3}{37} $

Converting this fraction to a decimal:

$ \frac{3}{37} \approx 0.08108108... $

Rounding this value to four decimal places, we get 0.0811.

This matches the correct answer option. Therefore, the dealer's gain, expressed as a decimal fraction and rounded, is approximately 0.0811.

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Important Questions from Profit & Loss

  1. In an election between two candidates, P received 42% of the valid votes and Q won by 45,360 votes. 20% people did not cast their vote. If 10% of the votes cast were found invalid, what is the total number of votes registered in the poll booth?

  2. Two successive percentage decreases of 25% each is by what percentage less than two successive percentage increases of 25% each? (Round to two decimal places.)

  3. A dishonest merchant sells his grocery using weights that are 12% less than the true weights and makes a profit of 10%. Find his total gain percentage.

  4. A shopkeeper offers the following discount schemes for buyers.

    I. Two successive discounts of 15% and 20%
    II. Successive discount of 25% and 10%
    III. A discount of 33%
    The selling price will be minimum under the scheme:

  5. A shopkeeper sold 5/8 of his articles at a gain of 20% and the remaining at the cost price. What is his gain percentage in the whole transaction?

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