A shopkeeper sells his goods at 10 percent loss on cost price but uses 30 percent less weight. What is his profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. percent.
Profit% = (less weight - loss%)/(100 - less weight%) × 100
Profit% = (30 - 10)/(100 - 30) × 100
Profit% = 20/70 × 100
Profit% = 28.57 or