A dishonest shopkeeper claims to sell goods at cost price but uses a weight of 900 gm for 1 kg. find the percentage profit to the shopkeeper?
Question
Solution
Sure, here is the step by step solution:
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The shopkeeper claims to sell goods at cost price but uses a weight of 900 gm for 1 kg. This means that for every 1 kg, the shopkeeper is actually giving 900 gm.
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So, when the shopkeeper sells 1 kg, he is actually selling 900 gm and keeping 100 gm (1 kg - 900 gm) for himself.
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The profit percentage is calculated by dividing the profit (100 gm) by the cost price (900 gm) and then multiplying by 100 to get the percentage.
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So, the profit percentage is (100/900) * 100 = 11.11%.
Therefore, the shopkeeper makes a profit of 11.11% by using a weight of 900 gm for 1 kg.
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