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MCQ - A dishonest shopkeeper professes to sell ...
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18 Jun 2016, 04:09
18 Jun 2016, 04:09
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Question Stats:
75% (00:45) correct
25% (02:19) wrong based on 4 sessions
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A dishonest shopkeeper professes to sell cloth at the cost price but he uses faulty meter rod. His meter rod measure 95 cms. Find the gain%
a)25
b)30
c)26
d)20
e)35
Please help me understanding this particular concept.
thanks.
a)25
b)30
c)26
d)20
e)35
Please help me understanding this particular concept.
thanks.
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Joined: 16 May 2014
Posts: 592
Given Kudos: 0
GRE 1: Q165 V161
Re: MCQ - A dishonest shopkeeper professes to sell ...
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18 Jun 2016, 05:24
18 Jun 2016, 05:24
Expert Reply
Lets simplify the problem first.
Lets assume price of 1 cm of cloth is 1 dollar. Therefor,
CP = 1 $/cm.
Now he uses a faulty scale which shows 95 cms for 100 cm. It means he sells only 95 cm of cloth and gets paid at cost price for 100 cm of cloth.
So his Cost price = Length of cloth actually sold x CP
= 95 * 1
= 95 $
His selling price = Length of cloth he claimed to sell x CP
= 100 * 1
= 100 $
Therefore his gain is = (SP-CP)/CP *100
= 5.26%
Lets assume price of 1 cm of cloth is 1 dollar. Therefor,
CP = 1 $/cm.
Now he uses a faulty scale which shows 95 cms for 100 cm. It means he sells only 95 cm of cloth and gets paid at cost price for 100 cm of cloth.
So his Cost price = Length of cloth actually sold x CP
= 95 * 1
= 95 $
His selling price = Length of cloth he claimed to sell x CP
= 100 * 1
= 100 $
Therefore his gain is = (SP-CP)/CP *100
= 5.26%
Re: MCQ - A dishonest shopkeeper professes to sell ...
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18 Jun 2016, 07:26
18 Jun 2016, 07:26
1
Yes, that is exactly what I calculated.
However, the website where I saw this question, had a weird explanation and as per that explanation the answer is 25%.
However, the website where I saw this question, had a weird explanation and as per that explanation the answer is 25%.
