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Kalu, a Ration dealer cheats both his supplier and his customer by using faulty weights. When he buys from the suppliers he takes 30% more than the indicated weight. When he sells to his customer, he gives 30% less than the indicated weight. If he sells ration at the cost price, what is his net profit%?

Kalu, a Ration dealer cheats both his supplier and his customer by using faulty weights. When he buys from the suppliers he takes 30% more than the indicated weight. When he sells to his customer, he gives 30% less than the indicated weight. If he sells ration at the cost price, what is his net profit%? Correct Answer 69%

Given∶

Common Gain% = 30%

Formula Used∶

Gain% = – 100

Calculation∶

Common gain = 30%

By using the formula, we get

Gain% = – 100 = – 100 = – 100 = 169 – 100 = 69%

∴ Kalu’s net gain% is of 69%.

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