Q431
A dishonest dealer sells a product at 11% loss on cost price, but uses 22% less weight. What is his percentage profit or loss?
A.
14.1% loss
B.
14.1% gain
AnswerC.
11.4% gain
D.
11.4% loss
Answer: Option B
Solution
Answer: Option B
Solution:
Let cost price = 100 × weight 78 = 7800Sale price = 89 × weight 100 = 8900
Profit % = × 100 = 14.1% gain