A shopkeeper claims to sell his articles at ₹20 per kg which cost him ₹23 per kg. But while selling, he uses a false weight and gives only 800 gm instead of 1 kg. What is his profit percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 8%
According to question
CP : SP = 23 : 20
Fault weight = 800: 1000
Net Ratio CP: SP = 23 : 25
Hence, the net profit % = [(25- 23)/23] × 100 = 200/23 = 8%