Home » Aptitude » Profit and Loss » Question
  1. A tradesman, by means of a false balance defrauds 10 percent in buying goods and also defrauds 10 percent in selling. His gain percent is
    1. 10%
    2. 11%
    3. 21%
    4. 100%
Correct Option: C

As per the given question ,

Gain percent = ( 100 + 10 ) × ( 100 + 10 ) - 100 %
100

Gain percent = 110 × 110 - 100 %
100

Gain percent = (121 – 100)% = 21 percent



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