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Profit and Loss

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Aptitude miscellaneous
  1. A dishonest dealer professes to sell his goods at cost price but he uses a weight of 920 g for 1 kg weight. Find his gain per cent
    1. 716/23 %
    2. 816/23 %
    3. 516/23 %
    4. 316/23 %
    5. None of the above
Correct Option: B

According to the formula,
Gain% = [Error / (True value - Error)] x 100%
= [80/(100 - 80)] x 100%
= (80/920) x 100%
= 816/23 %


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