A dishonest dealer professes to sell his goods at cost price but he uses a weight of 920 g for 1 kg weight. Find his gain per cent

716/23 %
816/23 %
516/23 %
316/23 %

Correct Answer: 816/23 %

Explanation:

According to the formula,
Gain% = [Error / (True value - Error)] x 100%
= [80/(100 - 80)] x 100%
= (80/920) x 100%
= 8¹⁶/₂₃ %

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