A shopkeeper normally makes a profit of 20\% in a certain transaction; he weighed 900 gm instead of 1 kg due t

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A shopkeeper normally makes a profit of 20\% in a certain transaction; he weighed 900 gm instead of 1 kg due to an error in the weighing machine. If he charges 15\% less than what he normally charges, then what is his actual profit or loss percentage?

Accepted Answer

Let the Cost Price (CP) of 1000 gm ( 1 kg ) be ₹ 1000 .Thus, CP of 1 gm = ₹ 1 .Normal Selling Price (with 20\% profit) for 1000 gm = ₹ 1200 .Now, he charges 15\% less than his normal charges: New Selling Price = 1200 × ≤ft(1 - 15/100) = 1200 × 0.85 = ₹1020 However, he only gives 900 gm instead of 1000 gm .The actual cost of the goods given = CP of 900 gm = ₹ 900 .Actual Profit = New Selling Price - Actual Cost Price = 1020 - 900 = ₹120 Actual Profit Percentage: Profit\% = ≤ft(120/900) × 100 = 40

A shopkeeper normally makes a profit of $20%$ in a certain transaction; he weighed $900 gm$ instead of $1 kg$ due to an error in the weighing machine. If he charges $15%$ less than what he normally charges, then what is his actual profit or loss percentage?

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A shopkeeper normally makes a profit of 20% in a certain transaction; he weighed 900 gm instead of 1 kg due to an error in the weighing machine. If he charges 15% less than what he normally charges, then what is his actual profit or loss percentage?