A dishonest dealer sells the goods at $20\%$ loss on cost price but uses $15\%$ less weight. What is his percentage profit or loss?
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
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A$5 \frac{11}{17}\%$ loss
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B$5 \frac{15}{17}\%$ loss
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C$5 \frac{15}{17}\%$ gain
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D$5 \frac{11}{17}\%$ gain
Answer
Correct Answer: $5 \frac{15}{17}\%$ loss
Explanation
### Concept & Net Profit/Loss with False Weights
Even if a dealer sells at a loss based on price, giving less weight can offset the loss. The net outcome depends on comparing the actual cost of the goods given with the money received.
### Step-by-Step Solution
* Let the cost price of $100$g of goods be Rs. $100$.
* The dealer sells at a $20\%$ loss.
* Selling Price (SP) for a promised $100$g = $100 - 20 = \text{Rs. } 80$.
* He uses $15\%$ less weight. So, for a promised $100$g, he actually delivers $100 - 15 = 85$g.
* The actual Cost Price (CP) for the dealer is the cost of the $85$g given, which is Rs. $85$.
* Now, we compare the actual CP (Rs. $85$) to the SP (Rs. $80$).
* Since SP < CP, there is a loss.
* Loss amount = $85 - 80 = \text{Rs. } 5$.
* Loss percentage = $\frac{\text{Loss}}{\text{Actual CP}} \times 100 = \frac{5}{85} \times 100$.
* Simplify the fraction: $\frac{5}{85} = \frac{1}{17}$.
* Loss percentage = $\frac{100}{17}\% = 5 \frac{15}{17}\%$ loss.
### Exam Strategy & Shortcut
Use the ratio method. Let the initial state be $100$.
Due to price: Value becomes $80$.
Due to weight: Cost base is actually $85$.
Net ratio = $80 / 85 = 16 / 17$.
Loss = $1$ part on a base of $17$. $\frac{1}{17} \times 100 = 5 \frac{15}{17}\%$ loss.
### Common Pitfall
A common mistake is applying the loss percentage to the actual weight given or subtracting the percentages directly ($-20\% + 15\% = -5\%$). This ignores the different bases of the percentages.
### Final Answer
Therefore, the correct answer is **$5 \frac{15}{17}\%$ loss**.