A dishonest dealer claims to sell his products at 24% loss on the cost price but uses 100 g weight instead of 200 g weight. His profit percentage is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 52%.
Let's assume the cost price (CP) of 200 grams of the product is Rs. 100.
Loss on CP:
Loss = 24% of CP = 24% of 100 = Rs. 24
Selling Price (SP) = CP - Loss = 100 - 24 = Rs. 76
Dishonest Dealing:
The dealer actually sells only 100 grams of the product at Rs. 76.
So, for 100 grams, he gets Rs. 76.
Therefore, for 200 grams, he would get Rs. 76 × 2 = Rs. 152.
Calculating Profit:
Profit = SP - CP = 152 - 100 = Rs. 52
Profit Percentage = (Profit / CP) × 100 = (52 / 100) × 100 = 52%
Therefore, the dishonest dealer's actual profit percentage is 52%.