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A man sells goods at 4% loss on cost price but he gives 20 g instead of 40 g. What is his profit or loss percentage?
84% profit
92% profit
82% loss
92% loss
- Understanding the problem: The man pretends to sell 40 g but gives only 20 g, effectively doubling the price per gram.
- Loss on cost price: Initially, there is a 4% loss based on the cost price.
- Real weight vs. sold weight: By providing 20 g instead of 40 g, he effectively sells the goods at twice the listed price.
- Calculating actual profit: With the price per gram doubled, the man offsets his initial 4% loss and gains significantly.
To find the profit percentage:
- If P is the price per gram, effectively, he receives 2P for each gram.
- Reduced loss is now profit due to doubled earnings per gram.
- Correct Option: The man achieves a 92% profit.
- Option 2: 92% profit is the correct answer.
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