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
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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