Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A dishonest dealer sells the goods at 6 % loss on cost price but uses 12 % less weight. What is his 4 2 percentage profit or loss?
Answer
Answer (as printed):
Explanation
Let the C.P. of 1 kg goods be ₹1. Then, S.P. of $\left(100 - 12\frac{1}{2}\right)\%$ of 1 kg i.e., 875 g goods = ₹0.9375. S.P. of 1 kg goods = $\frac{0.9375}{875} \times 1000 = ₹1\frac{1}{14}$. Profit % = $\frac{1}{14} \times 100\% = 7\frac{1}{7}\%$.
Explanation as extracted from the printed page; notation may be imperfect.