Practicing Success
A shopkeeper normally makes a profit of 20% in a certain transaction; he weighs 900 g instead of 1 kg, due to an issue with the weighing machine. If he charges 10% less than what he normally charges, what is his actual profit or loss percentage? |
20% 28% 25% 30% |
20% |
CP SP Cost 5 6 Quantity 1000 900 ———————————— 50 : 54 if he charge 10% less means 90% of 50 = 45 Then the profit % = 54 - 45 = 9 × \(\frac{100}{45}\) = 20% |