Multiple choice

A dishonest dealer sells articles at 10% loss on cost price but uses the weight of 16g instead of 18g, what is his profit or loss per cent

  1. 1 ¼ %Gain

  2. 1 ¼ %loss

  3. 3 ¼ %loss

  4. 5 ¼ %Gain
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A Correct answer
AI explanation

Let the cost price of 1g be Re. 1, meaning the actual cost price for the 16g provided is Rs. 16, while the intended cost for 18g is Rs. 18. The dealer sells at a 10% loss on this intended cost, making the selling price 90% of 18, which is Rs. 16.20. Using the profit percentage formula, the profit is 16.20 minus 16.00 equals Rs. 0.20, and 0.20 divided by 16 multiplied by 100 gives 1.25%. The result is 1 1/4 % gain.

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