A shopkeeper professes to sell sugar costing 40 Rs/kg at 42 R/kg but gives only 550 grams of sugar in place of 600 grams using the faulty weighing machine. His profit percentage (correct to 2 decimal places) is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 14.54%.
A shopkeeper professes to sell sugar costing 40 Rs/kg at 42 Rs/kg
He gives only 550 grams of sugar in place of 600 grams.
So,
Cost price : Selling price
40 : 42
550 : 600
Cost price : Selling price = 55 : 63
Profit % = (Selling price - Cost price)/Cost price × 100
Profit % = (63 - 55)/55 × 100 = 14.54%