A shopkeeper declares that he sells rice at the cost price. However he uses a weight of 425 grams. Instead of 500 grams, what is his percentage of profit? a) a) 16 5/6 b) 15 c) c) 20 7/23 d) 25 e) None of these

1 Answer

Answer :

% profit = Loss/Actual Weight x 100

= 500 – 425/500 × 100

= 75/500 x 100 = 15%

Answer: b)

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