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Sticky Note
A shopkeeper cheats to the extent of 10% while buying as well as selling, by using false weights. His total gain is -
  1. 10%
  2. 17%
  3. 11%
  4. 20%
  5. 21%
Explanation

Gain%=(100+common gain%)2100−100∴Gain %=[(100+10)2100−100]%=(12100−10000100)%=21%

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An item is sold for Rs. 1,200 at a profit of 7%. What is its actual/cost price?
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  2. Rs. 1,121.50
  3. Rs. 1,150.00
  4. Rs. 1,284.00
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