Ravi buys salt at ₹16 per kg and sells it at ₹18 per kg. He also uses the weight of 900 gm instead of 1000 gm. What is Ravi’s actual profit percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 25%
According to question
16: 18 [CP: SP]
900: 1000 [By fault weight]
Net Ratio = 4: 5 [CP: SP]
Hence, the profit % = (5 - 4)/4] × 100 = 25%