A shopkeeper sells his goods at cost price but uses a weight of 860 gm instead of kilogram weight.

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08 Nov 2019 Profit and Loss

A shopkeeper sells his goods at cost price but uses a weight of
860 gm instead of kilogram weight. What is his profit percentage?

OPtion

1) 16.28%
2) 16.16%
3) 16.061%
4) 16.89%
5) 16.49%
6) 16.08%
7) 16.61%
8) 16.53%
9) 16.77%
10) None of these

Solution

Let the CP of 1000 gm item be Rs. 1000
CP of 860 GM item = Rs 860
SP of 860 gm item = Rs 1000

Profit %= (1000 - 860)*100/880 = 120*100/860 = 16.28 %

Correct Option: 1 Best Solution (4)