A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 46% less than what is written on it. Find his profit percentage.
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Correct answer: C
Explanation
The correct answer is Option 3 i.e. %
Let the cost price of 1 kg of goods be ₹100.
Since the shopkeeper gives 46% less weight, he actually gives:
1 kg − 46% of 1 kg = 1 − 0.46 = 0.54 kg
He charges ₹100 for 0.54 kg, claiming it's sold at cost price.
Cost price of 0.54 kg = 0.54 × ₹100 = ₹54
Selling price of 0.54 kg = ₹100 (as per his claim)
Profit = Selling Price – Cost Price = ₹100 – ₹54 = ₹46
Profit % =