Question
A dishonest dealer sells his goods at 8% loss on cost
price, but uses 15% less weight. What is his profit or loss percent?Solution
Let his good contains 1 Kg Its actual weight is 15% of 1000 gm = 850 gm Let C.P. of each gm be Rs. 1 Then C.P of 850 gm = Rs. 850 S.P. = 92% of C.P. of 1 kg = 92/100 × 1000 = Rs. 920 Profit = 920−850= Rs. 70 profit % = 70/850 × 100 = 8(4/17)%
Simplify:
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