A dishonest dealer sells a product at 11% loss on cost price, but uses 22% less weight. What is his percentage profit or loss?
Answer & explanation
Correct answer: option 2
Let his good contains 1 Kg
Its actual weight is 22% less of 1000 gm = 780 gm
Let C.P. of each gm be Rs. 1
Then C.P of 780 gm = Rs. 780
S.P. =89% of C.P. of 1 kg = 890
Profit = 890 – 780 = 110
Profit % = 110 × \(\frac{100}{780}\) = 14.1%