insurence exam UIIC AO Generalist Mock Test 2024 Quantitative Aptitude Profit and Loss Dishonest Dealings
A dishonest shop keeper professes to loss 4% on Rice but uses a false weight of 900 grams instead of 1 kilogram. Find the Loss% or Gain% in the whole transaction.
1
16\(\frac{2}{3}\)% Gain
2
7% Gain
3
6\(\frac{2}{3}\)% Loss
4
16\(\frac{2}{3}\)% Loss
5
6\(\frac{2}{3}\)% Gain