Multiple choice

A shopkeeper prefers to sell his goods at the cost price but uses a weight of 800 gm instead of 1 kg weight. He earns of profit of

  1. 2%

  2. 8%

  3. 20%

  4. 25%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The shopkeeper uses 800g instead of 1000g. The profit is based on the cost of the 800g actually sold. Profit = (1000 - 800) / 800 = 200 / 800 = 0.25 or 25%.

AI explanation

Assume the cost price of 1 kg (1000 gm) of goods is Rs 1000. By selling 800 gm at the cost price of 1000 gm, the shopkeeper receives Rs 1000 for an item that costs him Rs 800, yielding a profit of Rs 200. Using the profit percentage formula, (200 / 800) * 100 gives a profit of 25%.

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