A shopkeeper was selling the rice at a profit of 20%. however he was unaware of the fact that his weighing machine was tampered and showed 950 gm for 1 kg. find his actual profit %?
Answers
In the given problem, shopkeeper legally charges 1200 grams of rice by virtue of the fact that he is earning 20% profit.
But in reality he is charging for 1200 grams against actual dispensation of 950 grams. Thereby making a profit of 250 grams.
Since shopkeeper is incurring cost on only 950 grams, his profit % should be 250/950 * 100 = 26.32%
Answer:
In the given problem, shopkeeper legally charges 1200 grams of rice by virtue of the fact that he is earning 20% profit.
But in reality he is charging for 1200 grams against actual dispensation of 950 grams. Thereby making a profit of 250 grams.
Since shopkeeper is incurring cost on only 950 grams, his profit % should be 250/950 * 100 = 26.32%
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