A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 37% less than what is written on it. Find his profit percentage.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 58%.
He gives only 63% of the actual weight but charges for the full.
Profit% = × 100
⇒ × 100 = 58%