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A shopkeeper sells his goods at its CP only. But he uses 750 grams weight at the place of 1000 gms weight for a kg. What is his net profit percentage?
- a)25%
- b)20%
- c)16.66%
- d)33.33%
Correct answer is option 'D'. Can you explain this answer?
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A shopkeeper sells his goods at its CP only. But he uses 750 grams wei...
Given:
- Shopkeeper sells goods at CP only
- Uses 750g weight instead of 1000g for 1kg
To find: Net profit percentage
Let's assume that the cost price of 1 kg of goods is Rs. 100.
When the shopkeeper sells 1 kg of goods, he actually sells 750gms of goods but charges for 1 kg. So he is gaining 250gms on every kg sold.
The selling price of 1 kg of goods will be Rs. 100 since he sells at CP only.
The selling price of 750g of goods will be (1000/750)*100 = Rs. 133.33 (since he charges for 1kg but gives only 750g)
So his profit on 1 kg of goods = Selling price of 1 kg - Cost price of 1 kg = Rs. 0
His profit on 750g of goods = Selling price of 750g - Cost price of 750g = Rs. 33.33
Profit percentage = (Profit/Cost price)*100 = (33.33/100)*100 = 33.33%
Hence, the correct answer is option D) 33.33%.
- Shopkeeper sells goods at CP only
- Uses 750g weight instead of 1000g for 1kg
To find: Net profit percentage
Let's assume that the cost price of 1 kg of goods is Rs. 100.
When the shopkeeper sells 1 kg of goods, he actually sells 750gms of goods but charges for 1 kg. So he is gaining 250gms on every kg sold.
The selling price of 1 kg of goods will be Rs. 100 since he sells at CP only.
The selling price of 750g of goods will be (1000/750)*100 = Rs. 133.33 (since he charges for 1kg but gives only 750g)
So his profit on 1 kg of goods = Selling price of 1 kg - Cost price of 1 kg = Rs. 0
His profit on 750g of goods = Selling price of 750g - Cost price of 750g = Rs. 33.33
Profit percentage = (Profit/Cost price)*100 = (33.33/100)*100 = 33.33%
Hence, the correct answer is option D) 33.33%.
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A shopkeeper sells his goods at its CP only. But he uses 750 grams weight at the place of 1000 gms weight for a kg. What is his net profit percentage?a)25%b)20%c)16.66%d)33.33%Correct answer is option 'D'. Can you explain this answer?
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