A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 32% less than what is written on it. Find his profit percentage.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. %.
Let cost price of 1 kg = ₹100
He gives only 68% of 1 kg (because 32% less weight)
So, actual weight given = 0.68 kg
His cost = 0.68 × ₹100 = ₹68
He sells at full 1 kg price = ₹100
Profit = ₹100 - ₹68 = ₹32
Profit % = (32 / 68) × 100 ≈%