A dishonest shopkeeper sells millet at ₹20 per kg which he has bought at Rs. 16 per kg and he is giving 800 gm instead of 1000 gm. Find his actual profit percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 56.25%
CP : SP
16 : 20
800 : 1000
CP : SP = 16 : 25
Profit % = (25 - 16)/16 × 100 = 56.25%