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A dishonest dealer sells articles at 15% loss on cost price but uses the weight of 20 g instead of 25 g. What is his profit or loss percentage?
6.25% Profit
6.50% Profit
7.55% Loss
5.25% Loss
- The dealer claims to sell items at a 15% loss based on the cost price.
- He manipulates weights, using a 20 g weight instead of a 25 g weight.
- This means he gives less product for the same price, effectively increasing his profit.
- Calculating the net effect:
- Actual weight: 25 g; Used weight: 20 g
- He gives 20 g instead of 25 g, saving 5 g per transaction.
- The real loss considering lesser quantity turns to profit.
- Correct Answer: Option 1, 6.25% Profit
By: Parvesh Mehta ProfileResourcesReport error
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