A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 11% 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
The shopkeeper uses a weight that is 11% less, meaning he gives only 89% of the goods but charges for 100%.
So, he sells 89 units but gets money for 100 units.
Profit percentage = [(100 - 89) / 89] × 100 = (11 / 89) × 100 ≈ %