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
C
This problem asks us to calculate the total percentage gain achieved by a shopkeeper who uses tampered weights, cheating by a certain percentage during both the buying and selling processes for fruits.
When the shopkeeper buys fruits, he uses tampered weights to receive more quantity than what he pays for. The cheat is stated as 11%. This means if he pays for 100 units of weight, he actually receives 11% extra weight. The actual weight received is \(100 + 11\%\) of \(100 = 100 + 11 = 111\) units.
Effectively, he gets 111 units of fruit for the price he should have paid for 100 units. This gives him a gain on the quantity of goods acquired relative to his cost.
When the shopkeeper sells fruits, he uses tampered weights to give less quantity than what he charges for. The cheat is again 11%. This means if he charges a customer for 100 units of weight, he actually gives 11% less weight. The actual weight given is \(100 - 11\%\) of \(100 = 100 - 11 = 89\) units.
Effectively, he charges the price of 100 units for only 89 units of fruit. This gives him a gain on the revenue generated relative to the quantity of goods sold.
Let the percentage by which the shopkeeper cheats be \(x\). In this problem, \(x = 11\%\). He cheats by getting \(x\%\) extra while buying and giving \(x\%\) less while selling.
Consider a scenario where the shopkeeper intends to buy a quantity of fruit that would honestly weigh 100 units. He pays the price for 100 units.
The total actual weight he has to sell is \(100 + x\). To find the total revenue, we need to determine how many '100-unit price bundles' he can sell from this quantity. The number of such bundles is the total actual weight divided by the actual weight in one such bundle: \(\frac{100 + x}{100 - x}\).
Each bundle is charged at the price of 100 units. Let the standard price per unit be \(P\). The standard price for 100 units is \(100P\). Assuming the standard buying price equals the standard selling price for simplicity in calculating percentage gain relative to the initial cost paid.
Assuming \(P=1\) for simplicity (the percentage gain is independent of the base price):
Total Gain = Revenue - Cost = \(\frac{100 + x}{100 - x} \times 100 - 100\)
Total Gain = \(100 \left( \frac{100 + x}{100 - x} - 1 \right) = 100 \left( \frac{100 + x - (100 - x)}{100 - x} \right) = 100 \left( \frac{100 + x - 100 + x}{100 - x} \right)\)
Total Gain = \(100 \left( \frac{2x}{100 - x} \right)\)
Percentage Gain = \(\frac{\text{Total Gain}}{\text{Cost}} \times 100 = \frac{100 \left( \frac{2x}{100 - x} \right)}{100} \times 100 = \frac{2x}{100 - x} \times 100\)
Now, substitute \(x = 11\):
\(\text{Total Gain Percentage} = \frac{2 \times 11}{100 - 11} \times 100\)
\(\text{Total Gain Percentage} = \frac{22}{89} \times 100\)
\(\text{Total Gain Percentage} = \frac{2200}{89}\)
Performing the calculation:
\(\frac{2200}{89} \approx 24.7191\)
Rounding to two decimal places, the total gain percentage is approximately 24.71%.
The calculated total percentage gain for the shopkeeper is approximately 24.71%.
| Action | Cheat Description | Impact |
|---|---|---|
| Buying | Pays for X weight, gets X + 11% (1.11X) actual weight. | Gets more product for the same cost. Effective CP per unit decreases. |
| Selling | Charges for Y weight, gives Y - 11% (0.89Y) actual weight. | Sells less product for the same revenue. Effective SP per unit increases. |
| Total Gain | Combined effect of increased quantity received and increased price charged per actual unit sold. | Results in a higher overall profit percentage based on the original cost. |
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 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: