A shopkeeper uses an 800 g weight instead of 1 kg but sells goods at the cost price of 1 kg. His profit percent is:
Q1. A shopkeeper uses an 800 g weight instead of 1 kg but sells goods at the cost price of 1 kg. His profit percent is:
Answer: 25%
Explanation: He charges for 1000 g but supplies 800 g, so his profit is 200 g on a cost of 800 g. Profit percent is 200/800 times 100, which is 25%.