In order to clear his stook of rice suresh starts giving a 1.2 kg of rice instead of 1kg rice. But actually, he is using 800 gm weight instead of lkg weight what is the net profit / Loss in this transaction?
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It is given that initially, the shopkeeper gives only 800 gm instead of 1 kg means he earns 200 gm profit on selling 800 gm sugar. So, he earns 25% profit by altering the weight along with he marked up the price by 20% means his overall profit can be calculated by successive i.e. 25+20+(20×25)/100=50%.
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