Profit and Loss Practice Test 9

Question : 29 of 40

Marks: +1, -0

A dishonest shopkeeper, using a faulty balance makes a profit of 5% while buying as well as while selling his goods. His actual gain per cent in the whole process amounts to:

11%
10%
10.52%
10.5%

Validate

Solution:

\table CP,MP,SP;95,100,105

Profit per cent

={SP-CP}/{CP}×100

={105-95}/95×100=10.52%

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