A shopkeeper sells his articles at their cost price but uses a faulty balance which reads gm for gm. What is the actual profit percentage ?
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Option B
Approach
Price a single transaction: the shopkeeper charges for gm but parts with only gm, so compare what he spends with what he takes, with the cost of the goods he actually gives away as the base.
Step-by-step solution
- 1The balance reads gm when the goods on it weigh gm
Why: This is what a faulty balance 'reading gm for gm' does: the customer is billed for a kilogram and receives gm.
- 2Take the cost price as Rs. per gm. Cost to the shopkeeper Rs. ; money received Rs.
Why: He sells 'at cost price', so the rate he charges is the cost rate - but he charges it on the false weight. Choosing Rs. per gm makes the two figures the weights themselves.
- 3Profit Rs.
Why: The gain is the money received less what the goods actually cost him.
- 4Profit
Why: Gain percent is always measured on the cost price - here Rs. , the cost of the goods he handed over - and never on the Rs. he collected.
Shortcut
He gives gm and is paid for : gain .
Common mistakes
Option A
Divided the Rs. gain by the Rs. collected instead of the Rs. spent - a percentage on the selling price, not on the cost.
Option C
No route reaches .
Option D
Compared the gm shortfall with the gm half-kilogram, or doubled the figure.
Skills used