2014 · Q10
A shopkeeper sells his articles at their cost price but uses a faulty balance which reads 1000 g for 800 g. What is his actual profit percentage?
Elementary MathematicsProfit and Loss
- A25%
- B20%
- C40%
- D30%
Explanation
He gives 800 g but charges for 1000 g, gaining 200 g on 800 g: 200/800 = 25%.