Question
A dishonest seller sells goods at 10% loss on cost
price but he sells 48 grams instead of 56 grams. Find the profit or loss percentage.Solution
Let the cost price of the goods be Rs. 'x' per gm Therefore, cost price of 48 gm of goods = Rs. '48x' Selling price of 48 gm of goods = 0.9 X 56x = Rs. '50.4x' Required profit percentage = {(50.4x - 48x)/48x} X 100 = 5%
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