A dishonest dealer defrauds his seller and buyer by using forged weights to the extent of 20%. His true gain per cent is
- A20%
- B40%
- C44%
- D50%
Solution & Step-by-step Explanation
When a dealer cheats both the seller (while buying) and the buyer (while selling) by a percentage , the overall gain percentage can be calculated using the successive percentage formula:
Given :
Thus, his true gain percent is .
Given :
Thus, his true gain percent is .