A shopkeeper sells goods at the same price rate for which he has bought them, but gives 20% less quantity to the customer. Find the profit percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 25%.
Let cost price of 1 kg = ₹100
He sells at the same rate ⇒ Selling price for 1 kg = ₹100
But he gives only 20% less ⇒ 0.8 kg for ₹100
So, Cost price of 0.8 kg = 0.8 × 100 = ₹80
Profit = 100 − 80 = ₹20
Profit % = (20 ÷ 80) × 100 = 25%