A businessman cheats by using faulty weights, to the tune of 12% each time, when buying and selling material. What is the rise in his profit percentage using faulty weights only?
A. 22%
B. 25.44%
C. 24%
D. 26.32%
Answer: Option B
Solution (By Examveda Team)
$$\eqalign{ & {\text{Profit }}\% = 12 + 12 + \frac{{12 \times 12}}{{100}} \cr & = 24 + 1.44 \cr & = 25.44\% \cr} $$This Question Belongs to Arithmetic Ability >> Profit And Loss
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