A tradesman by means of his false balance defrauds to the extent of 28%?

A tradesman by means of his false balance defrauds to the extent of 28%? in buying goods as well as by selling the goods. What percent does he gain on his outlay?

Quiz

Answer/Solution

68.84

Steps/Work

Explanation:
g% = 28 + 28 + (28*28)/100
= 63.84%
Answer: C