Question
Download Solution PDFA dishonest dealer sells a product at 11% loss on cost price, but uses 22% less weight. What is his percentage profit or loss?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
A dishonest dealer sells a product at an 11% loss on cost price but uses 22% less weight.
Concept used:
1. Selling Price = Cost Price × (1 - Loss%)
2. Profit% =
Calculation:
Let the cost price of the product be Rs. 1/gm.
Cost price of 1000gm = Rs. 1000
Selling price of 1000gm = 1000 × (1 - 11%) = Rs. 890
Since he's using 22% less weight, the selling price of the net quantity sold
⇒ 1000 × (1 - 22%) × 1 = Rs. 780
Now, profit% =
∴ His percentage gain is 14.10%.
Last updated on Jul 19, 2025
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