Source: e-GMAT
A seller sells his rice at a cost price but uses a faulty weighing machine. The weighing machine reads a% less than that actual weight of the rice that is being sold. Find the profit/loss percentage on selling 1010 kg of the rice.
1) If the seller gives a discount of 10%, then he will incur a loss of 55%
2) The cost price per kg is 5 dollars.
The OA is A
A seller sells his rice at a cost price but uses a faulty weighing machine. The weighing machine reads a% less than that actual weight of the rice that is being sold. Find the profit/loss percentage on selling 1010 kg of the rice.
1) If the seller gives a discount of 10%, then he will incur a loss of 55%
2) The cost price per kg is 5 dollars.
The OA is A
