A dishonest dealer claims to sell his goods at 20% discount,... | Quantitative Aptitude | SolveeIt | Solveeit

Today, August 23

Question

A dishonest dealer claims to sell his goods at 20% discount, but uses a weight of 800 grams for weighing 1 kilogram of goods. What is the profit or loss being made by the dealer?

A

$40\%$ loss

B

$5\%$ loss

C

No profit or loss

D

$5\%$ profit

E

$10\%$ profit

Answer

No profit or loss

Explanation

Solution

Suppose the price of 1 kg of a goods be $Rs. 100$ .
So, the price of 800 gm of the goods = $Rs. 80$
Discount offered on the goods = $20\%\space of Rs. 100 = Rs. 20$
So, the selling price of the goods = $Rs. 80\space per \space kg$
Therefore, the cost price and the selling price of 800 gm of the goods are same.
Hence, there is no profit or loss.
$\therefore$ The correct answer is C