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A dishonest dealer sells products at 40% loss on cost price but uses 30 gm instead of 80 gm. What is his overall profit% or loss%?
1. 60% profit
2. 50% loss
3. 40% loss
4. 30% profit

1 Answer

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Best answer
Correct Answer - Option 1 : 60% profit

Given

He sells goods at 40% loss on C.P. and he also uses 30 gm in place of 80 gm weight.

Formula Used

Overall profit% or Loss% = [100 – Loss%] × (original weight/altered weight) – 100

Calculation

Here Loss% = 40%

Original weight = 80 gm

Altered weight = 30 gm

After using formula, we get,

Overall Profit% = [(100 – 40) × (80/30)] – 100 = (60 × 80)/30 – 100 = 160 – 100 = 60%

Here, the positive sign shows profit.

The profit% is of 60%.

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