Question 12

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?

Solution

Let cost price of 1 kg rice = Rs. 1000 (1 gm rice cost Re. 1)

=> Cost price of 1 kg rice (850 gm in reality) = Rs. 850

He sells rice on its cost price, => selling price of 1 kg rice = Rs. 1000

$$\therefore$$ Profit % = $$\frac{(1000-850)}{850}\times100$$

= $$\frac{150}{8.5}=17.647\equiv17.65\%$$

=> Ans - (B)

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