A dishonest dealer professes to sell his goods at cost price, but uses a false weight of 900 grams for a kilogram. What is his profit percentage? MCQ with Answer and Explanation

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A dishonest dealer professes to sell his goods at cost price, but uses a false weight of 900 grams for a kilogram. What is his profit percentage?

A. 11.11%

B. 12.5%

C. 10%

D. 9.09%

Answer: Option A

Solution (By JKExamLibrary)

The dealer saves 100 grams on every 900 grams given to the customer. Profit Percentage = (Error / True Value - Error) * 100 = (100 / 900) * 100 = 11.11%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1 Report Error

A trader marks his goods 25% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 2%

C. 5%

D. 0%

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2 Report Error

A shopkeeper buys 20 kg of wheat at Rs. 30 per kg and sells at Rs. 36 per kg. What is his profit percentage?

A. 10%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
CP = 20*30 = 600, SP = 20*36 = 720, profit = 120, profit% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A dealer gives a discount of 20% on an article and still gains 10%. If the cost price is Rs. 600, find the marked price.

A. Rs. 825

B. Rs. 900

C. Rs. 850

D. Rs. 800

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Correct Answer: Option A

Explanation:
SP = 600*1.1 = 660. MP = 660 / 0.8 = 825.

This question belongs to: Maths Profit And Loss

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