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?

22 2/2 %
22 2/9%
20 %
21 %

Correct Answer: 22 2/9%

Explanation:

Amount purchased = 1100 g
Amount sold = 900 g
Profit % = (200 / 900) X 100
= 22 ²/₉%

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