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Question

Quantitative Ability and Data Interpretation Question on Profit and Loss

A dishonest dealer sells his goods at 10% loss on cost price and uses 30% less weight. What is his profit or loss percentage?

A

2847% loss28\frac{4}{7}\%\ \text{loss}

B

2837% profit28\frac{3}{7}\%\ \text{profit}

C

2837% loss28\frac{3}{7}\%\ \text{loss}

D

2847% profit28\frac{4}{7}\%\ \text{profit}

Answer

2847% profit28\frac{4}{7}\%\ \text{profit}

Explanation

Solution

The correct option is (D): 2847% profit28\frac{4}{7}\%\ \text{profit}