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A dishonest shopkeeper uses a weight of 800 gm for a kg and professes to sell his good at cost price. His profit is
- a)20%
- b)21%
- c)24%
- d)25%
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A dishonest shopkeeper uses a weight of 800 gm for a kg and professes ...
**Given Information:**
- The shopkeeper uses a weight of 800 gm for a kg.
- The shopkeeper claims to sell goods at cost price.
**To Find:**
The profit percentage made by the shopkeeper.
**Solution:**
Let's assume the cost price of 1 kg of goods is Rs. 100.
The shopkeeper uses a weight of 800 gm for a kg, which means the customer will get 800 gm of goods instead of 1 kg for Rs. 100.
Therefore, the cost price of 800 gm of goods is Rs. 100.
**Calculating Selling Price:**
If the shopkeeper claims to sell goods at cost price, the selling price will also be Rs. 100.
**Calculating Profit:**
To calculate the profit, we need to find the difference between the selling price and the cost price.
Cost price of 800 gm of goods = Rs. 100
Selling price of 800 gm of goods = Rs. 100
Profit = Selling price - Cost price = Rs. 100 - Rs. 100 = Rs. 0
**Calculating Profit Percentage:**
Profit percentage = (Profit / Cost price) * 100
Profit percentage = (0 / 100) * 100 = 0%
**Conclusion:**
The shopkeeper makes a profit of 0% by using a weight of 800 gm for a kg and claiming to sell goods at cost price.
So, none of the given options (a) 20%, (b) 21%, (c) 24%, (d) 25% is correct.
- The shopkeeper uses a weight of 800 gm for a kg.
- The shopkeeper claims to sell goods at cost price.
**To Find:**
The profit percentage made by the shopkeeper.
**Solution:**
Let's assume the cost price of 1 kg of goods is Rs. 100.
The shopkeeper uses a weight of 800 gm for a kg, which means the customer will get 800 gm of goods instead of 1 kg for Rs. 100.
Therefore, the cost price of 800 gm of goods is Rs. 100.
**Calculating Selling Price:**
If the shopkeeper claims to sell goods at cost price, the selling price will also be Rs. 100.
**Calculating Profit:**
To calculate the profit, we need to find the difference between the selling price and the cost price.
Cost price of 800 gm of goods = Rs. 100
Selling price of 800 gm of goods = Rs. 100
Profit = Selling price - Cost price = Rs. 100 - Rs. 100 = Rs. 0
**Calculating Profit Percentage:**
Profit percentage = (Profit / Cost price) * 100
Profit percentage = (0 / 100) * 100 = 0%
**Conclusion:**
The shopkeeper makes a profit of 0% by using a weight of 800 gm for a kg and claiming to sell goods at cost price.
So, none of the given options (a) 20%, (b) 21%, (c) 24%, (d) 25% is correct.
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A dishonest shopkeeper uses a weight of 800 gm for a kg and professes ...
Let the CP of 1 kg or 1000 gm be ₹100 then CP of 800 gm will be ₹80, SP for the same is ₹100, so the profit will be ₹20, Profit % = profit amount / cp X 100 i.e. 20/80x100 = 25%
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A dishonest shopkeeper uses a weight of 800 gm for a kg and professes to sell his good at cost price. His profit isa)20% b)21%c)24% d)25%Correct answer is option 'D'. Can you explain this answer?
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