A dishonest dealer professes to sell his goods at cost price, but uses a false weight of 900 grams for a kilogram. What is his profit percentage? MCQ with Answer and Explanation
A dishonest dealer professes to sell his goods at cost price, but uses a false weight of 900 grams for a kilogram. What is his profit percentage?
A. 9.09%
B. 11.11%
C. 10%
D. 12.5%
Answer: Option B
Solution (By JKSSB Mock Tests)
The dealer saves 100 grams on every 900 grams given to the customer. Profit Percentage = (Error / True Value - Error) * 100 = (100 / 900) * 100 = 11.11%.
A merchant sells two-thirds of his goods at a 6% profit and the rest at a 3% loss. If his overall profit is Rs. 540, what is the total value of the goods?
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