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Practice mode Profit and Loss

A trader sells sugar at 5% above cost price and also uses a 960 g weight for 1 kg. What is his overall gain percentage?

Correct answer D. 9.375%

Explanation

He receives the price of 1,000 g at 1.05 times cost but gives only 960 g. Gain factor = 1.05 × 1000/960 = 1.09375, so gain = 9.375%.

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Question 04 Profit and Loss

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