A dishonest dealer sells his goods at 10 % loss on cost price and uses 30 % less weight.
What is his profit or loss percentage ?
Let the cost price be Rs. 1000 per kg
So, Selling price = Rs. 900 per kg
But he sells only 70% of the quantity claiming it to be 100% quanitity.
So, the actual cost price of 700 grams = Rs. 700
Actual selling price = Rs. 900
Profit = Rs. 200
Profit % = (Profit/Cost Price)*100 = 200/700 = 200/7 % =Â $$28\dfrac{4}{7}$$%
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