A grocer claims that he is selling sugar at ₹48/kg, which costs him ₹50/kg, but he is giving 900 g instead of 1000 g. What will be the approximate percentage profit?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 6.7%
Given that
A grocer claims that he is selling sugar at ₹48/kg, which costs him ₹50/kg,
but he is giving 900 g instead of 1000 g
According to the question
The cost of 1000 grams = ₹50
then the cost of 900 grams = 50 × 900/1000 = ₹45
The selling price of 900 grams = 48 × 1000 = ₹48
Profit = S.P. - C.P. = 48 - 45 = ₹3
Hence, Profit % = (Profit/C.P.) × 100 = (3/45) × 100 = 100/15 = 6.7%