A dishonest dealer claims to sell a product at its cost price. He uses a counterfeit weight that is 20% less than the real weight and also added 10% impurities to the product. Find the net profit % of the dealer. |
50% 37.50% 42.50% 20% |
37.50% |
CP : SP 20% → 80 : 100 10% → 10 : 11 --------- ------- 8 11
Profit = \(\frac{3}{8}\) × 100 = 37.50% |