A shopkeeper claims that he is selling sugar at Rs.27/kg which cost him Rs.30/kg, but he gives 750 grams instead of 1000 grams. What is his profit or loss percentage?
Answer & explanation
Correct answer: option 4
Concept,
Cost= 30 27
Weight= 750 1000
Cost= 10 9
Weight= 3 4
———————————
30 36 = 6 PProfit
Profit% = 6 × \(\frac{100}{30}\) = 20%