A dishonest dealer professes to sell his goods at cost price but uses a weight of 875 gms for the kilogram weight. His gain in the percentage is = ?
A. 17%
B. $$4\frac{5}{7}$$%
C. $$14\frac{2}{7}$$%
D. 14%
Answer: Option C
Solution(By Examveda Team)
Let dealer purchase 1000 gm in Rs. 1000But at selling time sold 875 gm in place of 1000 gm
So,
$$\eqalign{ & {\text{Profit }}\% = \frac{{1000 - 875}}{{875}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 14\frac{2}{7}\% \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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