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Profit and Loss

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  1. A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is ?
    1. 9
    2. 10
    3. 11
    4. 111/9
Correct Option: D

Gain% = {Error / (True value - Error)} x 100 %
= (100/900) x 100) %
= 111/9%


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