A shopkeeper sells an item at a profit of 25% and dishonestly uses a weight that is 30% less than the actual weight. Find his total profit percentage.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2, i.e., 78.57%.
Let cost of 1 kg = 100 ₹, actual weight given = 0.7 kg → cost = 70 ₹
Selling price of 1 kg at 25% profit = 125 ₹ → SP for 0.7 kg = 125 ₹
Total profit % = (SP ÷ Cost − 1) × 100 = (125 ÷ 70 − 1) × 100 = 78.57%