Question

A shopkeeper sells at a mark-up of 10% and his balance shows 800 grams instead of 1000 grams. Find the profit or loss % of the shopkeeper?

Answer 1

Answer:

25%

Step-by-step explanation:

The shopkeeper is giving 800 gm instead of 1000 gm so he is making a profit of 200 gm on 800 gm so his percentage profit on selling is (200/800)×100 = 25% but charging 20 Rs/kg that he purchased in 16 Rs/kg percentage profit is (20-16)/16×100 = 25%.