A merchant gives 800 g instead of 1000 g to a customer. What is the merchant’s percentage profit?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 25%.
Cost of 1000 g = ₹100 (assume)
Cost of 800 g = ₹80
Customer pays for 1000 g but receives 800 g
So, Selling Price (SP) = 100,
Cost Price (CP) = 80,
Profit = 100 − 80 = 20.
Profit % = (Profit ÷ CP) × 100 = (20 ÷ 80) × 100 = 25%