Question : A shopkeeper claims to sell his articles at INR 20 per kg which cost him INR 23 per kg. But while selling, he uses a false weight and gives only 800 gm instead of 1 kg. What is his profit percentage?
Option 1: $8 \frac{17}{23} \%$
Option 2: $8 \frac{16}{23} \%$
Option 3: $8 \frac{14}{23} \%$
Option 4: $8 \frac{15}{23} \%$

Question

Question : A shopkeeper claims to sell his articles at INR 20 per kg which cost him INR 23 per kg. But while selling, he uses a false weight and gives only 800 gm instead of 1 kg. What is his profit percentage?

Option 1: $8 \frac{17}{23} \%$

Option 2: $8 \frac{16}{23} \%$

Option 3: $8 \frac{14}{23} \%$

Option 4: $8 \frac{15}{23} \%$

Team Careers360 · Accepted Answer

Correct Answer: $8 \frac{16}{23} \%$

Solution : The cost price of 1000 gm of article = INR 23
Cost of 800 gm of article = $\frac{23}{1000} imes800=18.4$
The selling price of 800 gm article = INR 20
Profit = 20 – 18.4 = 1.6
Profit percentage = $\frac{ ext{Profit}}{ ext{Cost price}} imes 100$
= $\frac{1.6}{18.4} imes 100=8 \frac{16}{23}\%$
Hence, the correct answer is $8 \frac{16}{23} \%$.

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Question : A shopkeeper claims to sell his articles at INR 20 per kg which cost him INR 23 per kg. But while selling, he uses a false weight and gives only 800 gm instead of 1 kg. What is his profit percentage?Option 1: 81723%Option 2: 81623%Option 3: 81423%Option 4: 81523%

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