A dealer sells his goods at 10% loss on the cost price but uses 25% less weight. What is his profit percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 20%.
Given that
A dealer sells his goods at 10% loss on the cost price but uses 25% less weight
Let the cost price of the goods be 1000x units per 1000 grams
He sold 750 grams in 900x units
Profit % = (Selling price- Cost price)/Cost price× 100
According to the question
For 750 grams, the original cost price = 750x
Hence, his profit percentage = [(900x - 750x)/750x] × 100 = 15000/750 = 20%