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    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.
    A 5% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 2% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    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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