A dishonest shopkeeper claims to sell salt at a rate of ₹25/kg. The cost price…
2024
A dishonest shopkeeper claims to sell salt at a rate of ₹25/kg. The cost price of the salt is ₹25/kg. Not satisfied with this, he tries to make profit by removing 200 gm from each kg. What is the shopkeeper’s gain percentage?
- A.
15%
- B.
25%
- C.
30%
- D.
20%
Attempted by 37 students.
Show answer & explanation
Correct answer: B
Analyze the Costs:
Cost Price (CP) of 1kg = ₹25.
The shopkeeper sells only 800g.
Calculate Actual Cost:
CP of 800g = (₹25 / 1000g) × 800g = ₹20.
Determine Profit:
Selling Price (SP) = ₹25 (for the 800g sold).
Profit = SP - CP = ₹25 - ₹20 = ₹5.
Calculate Gain Percentage:
Gain% = (Profit / Actual CP) × 100
Gain% = (5 / 20) × 100 = 25%.
Final Answer: Option 2