A dishonest shopkeeper sells millet at Rs 20 per kg which he has bought at Rs 16 per kg and he is giving 800 gm instead of 1000 gm. Find his actual profit percentage.
This questions was previously asked in
ssc cgl 2023 pre
Explanation:
Let's break down the problem:
- The shopkeeper buys millet at Rs 16 per kg.
- He sells it at Rs 20 per kg.
- Instead of 1000 gm, he gives only 800 gm.
To find the actual profit percentage:
- Cost for the shopkeeper for 800 gm: \( \frac{16}{1000} \times 800 = Rs 12.8 \).
- The selling price for 800 gm is Rs 20.
Profit is: \( Rs 20 - Rs 12.8 = Rs 7.2 \).
- Profit percentage: \( \frac{7.2}{12.8} \times 100 = 56.25\%\).
Therefore:
- Option 4: 56.25%
This is the correct answer.
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By: Parvesh Mehta