Question

Q. Find the gain percent if a dishonest shopkeeper sells the goods at 5% profit but only gives 940 grams for the price of 1 Kg?

• A. 11%
• B. 10.88%
• C. 11.7%
• D. 11.39%

Answer 1

The correct option is C 11.7%

Explanation:
Let the cost = 100
So, selling price = 105 (5% profit)
But he only sells 940 grams for the price of 1 Kg.
So, the actual selling price = 105/0.94=111.70/Kg.
Profit % = 11.70%