Ravi buys salt at ₹16 per kg and sells it at ₹18 per kg. He also uses the weight of 900 gm instead of 1000 gm. What is Ravi’s actual profit percentage?900
Answer & explanation
Correct answer: option 4
Cost Selling
Quantity 900 1000
Price 16 18
———————————————
144 180
Profit = 180 - 144 = 36
Profit% = \(\frac{36 × 100}{144}\) = 25%