45 Views

Question : A dishonest dealer sells a product at an 11% loss on cost price but uses 22% less weight. What is his percentage profit or loss?

Option 1: 14.1% loss

Option 2: 14.1% gain

Option 3: 11.4% gain

Option 4: 11.4 % loss


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 14.1% gain


Solution : Here cost price is denoted by CP, and the selling price is denoted by SP.
Let his good contains 1 kg.
Its actual weight is 22% of 1000 g = 780 g
Let the CP of each gm be Re. 1.
Then CP of 780 gm = Rs. 780
With 11% loss, SP = 89% of CP of 1 kg
⇒ SP = $\frac{89}{100}$ × 1000 = Rs. 890
Profit = 890 − 780 = Rs. 110
Profit % =$\frac{110}{780}$ × 100 = 14.1%
Hence, the correct answer is a 14.1% gain.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books