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A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?1). 18.24%2). 17.65%3). 15%4). 13.04% |
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Answer» Original weight of rice = 1 kg = 1000 gm Let cost of 1 gm is Rs. 1 Cost price of 1000 gm = Rs. 1000 Selling price of 850 gm = Rs. 1000 (? giving only 850 gm INSTEAD of 1000 gm) PROFIT = [ERROR/ (true weight)] × 100 ⇒ Profit = [(1000 - 850)/ 850] × 100 = (150/850) × 100 = 17.65% ∴ profit % on 5kg is equal to profit on 1 kg which is 17.65% |
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