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. 10%
C. 11.11%
D. 12.5%
Answer: Option C
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%.
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