3 years ago in Profit & Loss

A grocer professes to sell goods at the cost price but uses false weights. He gains (100/9)% in this manner. He uses a weight of

[A] 950gms
[B] 900gms
[C] 930gms
[D] 940gms
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A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

  • [A] A neither losses nor gains
  • [B] A makes a profit of 11%
  • [C] A makes a profit of 20%
  • [D] B loses 20%