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
C. 11.4% gain
D. 11.4% loss
Answer: Option B
Solution (By Examveda Team)
Let cost price = 100 × weight 78 = 7800Sale price = 89 × weight 100 = 8900
Profit % = $$\frac{{1100}}{{7800}}$$ × 100 = 14.1% gain
This Question Belongs to Arithmetic Ability >> Profit And Loss
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