A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 26% 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. %.
Let cost price per kg = ₹100
Weight given = 74% of 1 kg = 0.74 kg
Actual cost = 0.74 × 100 = ₹74
Selling price = ₹100
Profit = 100 - 74 = ₹26
Profit % = (26 / 74) × 100 = %