A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 48% less than what is written on it. Find his profit percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 92%.
His weight is 48% less, so he actually gives only 52% of 1 kg = 0.52 kg.
Suppose the cost price (C.P.) per kg = ₹100
Actual cost for 0.52 kg = 100 × 0.52 = ₹52
He sells it as 1 kg for ₹100 (since he “sells at cost price”).
Profit = 100 − 52 = ₹48
Profit % = (48 / 52) × 100 = 92%