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A dishonest shopkeeper uses a weight of 800 gm for a kg and professes to sell his good at cost price. His profit is - Mathematics

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MCQ

A dishonest shopkeeper uses a weight of 800 gm for a kg and professes to sell his good at cost price. His profit is

Options

  • 20%

  • 21%

  • 24%

  • 25%

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Solution

25%

Explanation:

Let CP of 1000 g item = ₹ 1000

CP of 800 g item = ₹ 800

SP of 800 g item = ₹ 1000

P%`=(1000-800)/800xx100`

`200/800xx100=25%`

Concept: Profit and Loss (Entrance Exam)
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