Practicing Success
A dishonest dealer sells a product at 11% loss on cost price, but uses 22% less weight. What is his percentage profit or loss? |
14.1% loss 14.1% gain 11.4% gain 11.4 % loss |
14.1% gain |
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% |