Banking Exams Quant — Question 1792
Question
A dishonest dealer sells goods at cost price but uses a weight of 900 g in place of 1000 g. Find his profit percent.
- 10%
- 11.11%
- 12.5%
- 9%
Correct answer
B — 11.11%
Explanation (English)
Gain % = error / (true weight − error) × 100 = 100 / 900 × 100 = 11.11%.
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