A grocery dealer cheats to the extent of 10% while buying as well as selling by using false weight. What is his increase in the profit percentage = ?
A. 20%
B. 21%
C. 22%
D. None of these
Answer: Option B
Solution(By Examveda Team)
According to the question,Cheats while buying = 10%
Cheats while selling = 10%
$$\eqalign{ & \therefore \left( {a + b + \frac{{ab}}{{100}}} \right)\% \cr & = 10 + 10 + \frac{{10 \times 10}}{{100}} \cr & = 20 + 1 \cr & = 21 \cr} $$
∴ Increase in profit % = 21%
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
Join The Discussion