By using faulty weight, a shopkeeper cheats to the extent of 6% while buying and selling rice. Find his gain percentage (rounded to two decimal places).
Explanation:
While buying 100 gms, the shopkeeper actually gets 106 gms.
Whlie selling 100 gms, the shopeeker actually gives 94 gms.
∴ The shopeeker makes of profit of 12 gms by selling only 94 gms.
⇒ Required profit % = 12/94 × 100% = 12.77%
Hence, option (c).
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