Multiple choice

A shopkeeper, selling rice, cheated the wholesale dealer by paying 4% less and the customer by providing him with 4% less rice by using faulty weights. But, he had incurred a transportation cost of ₹0.18 per kg while shifting the rice sacks to his shop from the wholesale dealer's warehouse. While selling, he charged 8% more from the customer, than the cost price of rice and added 6⅔% more than the transportation charges with the selling price. Which of the following gives his overall profit percentage, to the nearest integer?

  1. 12%

  2. 14%

  3. 16%

  4. 18%

Reveal answer Fill a bubble to check yourself
C Correct answer