Difficulty: Easy
Correct Answer: 5.26%
Explanation:
Introduction:
When quantity delivered is short but the customer pays the full tagged price per litre, the seller earns an implicit profit. The effective price per actual litre increases because less product is delivered for the same money.
Given Data / Assumptions:
Concept / Approach:
Effective price per actual litre = billed price / actual volume delivered. Profit% = (effective price − cost price)/cost price * 100.
Step-by-Step Solution:
Let listed cost price per litre = 1 (unit money)Actual volume delivered for 1 billed litre = 0.95 LEffective price per actual litre = 1 / 0.95 = 1.052631...Profit% = (1.052631... − 1) * 100 ≈ 5.263% ≈ 5.26%
Verification / Alternative check:
If cost is Rs 100 per litre billed, delivering 0.95 L means the customer effectively pays Rs 105.263 per actual litre, implying 5.263% profit over cost.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
5.26%
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