Calculating Real Gain Percent in Dishonest Weighing

Dishonest dealings in commerce are illegal and unethical practices that involve practices like weight tampering, misrepresentation, and fraud. One such common practice is using faulty weights to sell goods at the cost price but gaining illegally. We will discuss how to calculate the real gain percent in such scenarios.

Understanding the Situation

The dealer claims to sell his goods at the cost price (CP) but uses a weight of 800 grams instead of 1000 grams (1 kg). This means that for every 800 grams sold, the dealer charges the price of 1 kg.

Step 1: Understanding the Cost Price

Let's assume the cost price of 1 kg (1000 grams) of goods is CP 100. For simplicity, this can be broken down as follows:

Cost Price (CP) of 800 grams (800 / 1000) * 100 80

Step 2: Determining the Selling Price

The dealer sells 800 grams for the price of 1 kg which is SP 100.

Step 3: Calculating Profit

The profit made by the dealer is calculated as:

Profit SP - CP 100 - 80 20

Step 4: Calculating Gain Percent

The gain percent can be calculated using the formula:

Gain Percent (Profit / Cost Price) * 100

Substituting the values:

Gain Percent (20 / 80) * 100 25%

Therefore, the real gain percent of the dishonest dealer is 25%.

Exploring Other Scenarios

Let's consider another example where the dealer uses a weight of 900 grams instead of 1 kilogram. This implies that:

1 kilogram → 900 grams

Which means for 1000 grams, it will be:

1000 grams → 900 grams

Calculating the cost price for 900 grams:

CP 100 / (900/1000) 100 / 0.9 111.11

Therefore, for each sale of 900 grams, the dealer gains:

111.11 - 100 11.11

The logic here is that every sale of 900 grams results in a gain of 100 grams, implying a profit of 11.11%. This practice is illegal and unethical.

Why Does This Happen?

Dealers engage in such practices to maximize their profits while misleading consumers and suppliers. However, these actions can result in legal and financial consequences including fines and penalties.

Examples of Other Scenarios

Another example where a dealer uses a weight of 0.9 kg for 1 kg implies:

1 - 1/150 149/150

Therefore, for 1000 grams:

149/150 * 1000 993.33 grams

This means the dealer is using 993.33 grams for 1000 grams or 0.67 grams, which is a significant amount when considering large-scale transactions.

Conclusion

In conclusion, the real gain percent of a dishonest dealer can be calculated using the formula:

Gain Percent (SP - CP) / CP * 100

Dishonest dealings in commerce are not only unethical but also illegal. Understanding how to calculate the real gain percent can help in identifying such practices and preventing consumer exploitation.

References:

Tianlong Services - 7 types of sales fraud and how to detect them Wordpandit - Profit and Loss for CAT 2022: Dishonest Dealers and Faulty Weights Objective Question Answer for Dishonest Dealings Quiz - Download Now! A trader cheats both his supplier and his customer by using