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SSC CHSL 2023 · PYQ · Profit and Loss · medium

A dishonest shopkeeper professes to sell grains at the cost price, but he uses a weight of 920 gm for 1 kg weight. Find his gain percentage (round up to two decimal places).

  1. A.8.50%
  2. B.7.80%
  3. C.7.90%
  4. D.8.70%✓ Correct

Explanation

Gain% = (Error/(True value − Error))×100 = (80/920)×100 = 8.695% ≈ 8.70%.
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