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Examveda

A dishonest fruit vendor sells his goods at cost price but they uses a weight of 900 gm. for the 1 kg. weight. His gain percent is = ?

A. 12%

B. $$11\frac{1}{9}$$%

C. $$10\frac{1}{9}$$%

D. 10%

Answer: Option B

Solution(By Examveda Team)

According to the question,
Shopkeeper sells his goods at cost price
Let, Cost price of 1000 gm. goods = Rs. 1000
He sold 900 gm. goods
Selling price of 900 gm. goods = Rs. 1000
Cost price of 900 gm. goods = Rs. 900
$$\eqalign{ & {\text{Profit}}\% = \frac{{100}}{{900}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 11\frac{1}{9}\% \cr} $$

This Question Belongs to Arithmetic Ability >> Profit And Loss

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