A shopkeeper promises to sell his goods at 5% profit, but he uses 25% less weight while selling. Find the profit percentage?
Answer & explanation
Correct answer: option 3
Assume quantity = 1000 g
1000 g
↓
------------------------
-25% ↓ ↓ +5%
750 g 1050 g
↓ ↓
⇒ different = 300g ⇐
Profit = \(\frac{300}{750}\) × 100
= 40 %
750 g thing is sold after reducing 25 % weight