A retailer cheats both to his whole-seller and his customer by 10% by his faulty balance i.e.,he actually weighs 10% more while purchasing from wholesaler and weighs 10% less while selling to his customer. What is his net profit percentage, when he sells at CP?
Correct Answer: 22 2/9%
Explanation:
Amount purchased = 1100 g
Amount sold = 900 g
Profit % = (200 / 900) X 100
= 22 2/9%
