A dishonest dealer announces selling his articles with 22% loss, but uses 35% lighter weights. What is the percentage of his profit or loss?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 20% profit.
Let his good contains 1 kg
Its actual weight is 35% of 1000 g = 350 gm
1000 - 350 = 650 gm
Let the C.P. of each gm be Rs. 1
Profit % = (Selling price- Cost price)/Cost price× 100
The C.P. of 650 gm = Rs.650
S.P. = 78% of C.P. of 1 kg = 78/100 × 1000 = Rs.780
Profit = 780 - 650 = Rs.130
Profit% = 130/650 × 100 = 20%