A dishonest shopkeeper claims to sell rice at the cost price of ₹95 per kg, but the weight he uses has 1 kg written on it, while it actually weighs 950 g. The profit he thus earns on selling rice having an actual weight of 95 kg rice is:
₹475
Actual weight sold = (95 × 950) ÷ 1000 = 90.25 kg
Profit per kg = ₹95 × (5 ÷ 95) = ₹5
Total profit = 5 × 95 = ₹475
Thus, the correct answer is ₹475.
Important Questions from Dishonest Dealings
A merchant claims that he sells his goods at CP. But uses a weight of 900 g for the 1 kg weight. find his gain %
A shopkeeper cheats to the extent of 9% while buying and selling fruits, by using tampered weights. His total gain in percentage is:
A. 18.25
B. 18.81
C. 19.78
D. 18.5
What is the faulty weight used by a dishonest shopkeeper instead of the original weight of 1 kg to get a profit of 25%?
A dishonest financier claims to be lending money at simple interest, but he includes the interest every four months for calculating the principal. If he is charging an interest of 3%, the effective rate of interest becomes:
A shopkeeper cheats to the extent of 11% while buying and selling fruits, by using tampered weights. His total gain in percentage is.
A. 23.25
B. 23.21
C. 24.71
C. 23.5
