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A dishonest shopkeeper, using a faulty balance makes a profit of 5% while buying as well as while selling his goods. His actual gain percent in the whole process amounts to
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- 11%
- 10%
- 10.25%
- 10.5%
Correct Option: C
We can find required answer with the help of given formula ,
Actual gain percent = | ![]() | a + b + | a x b | ![]() | % |
100 |
Here , a = b = 5%
Actual gain percent = | ![]() | 5 + 5 + | 5 x 5 | ![]() | % = 10.25% |
100 |