A shopkeeper claims to sell goods at a profit of 10% on the cost price but uses a false weight of 900 g for every 1 kg. What is his actual profit percentage?
Show answer & explanation
Correct answer: B
Explanation
Let the cost price of 1 kg of goods = ₹100
Selling price of 1 kg = ₹110
Cost price of 1000 g = ₹100
Cost price of 900 g = ₹90
Actual situation -
Selling price = ₹110
Cost price = ₹90
Profit = 110 - 90 = ₹20
Profit percentage = 20/90 × 100
= 200/9 = 22.22%