New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A dishonest dealer announces selling his articles with a

    25% loss but uses 40% lighter weights. What is the percentage of his profit or loss?
    A 15% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 18% Correct Answer Incorrect Answer

    Solution

    Let the CP =100. Dealer announces 25% loss which implies- Selling Price =100× (100-25)/100 SP=75 Now – However, the dealer uses weights that are 40% lighter. This means that for every unit weight he claims to sell, he sells only 60% of that weight. Effective CP =100×60/100 E. CP=60. Profit =SP-CP P=75-60=15. Profit percentage = (P/E.CP) ×100 =15/60 ×100 =25%

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