A shopkeeper purchased groundnuts at ₹64/kg and sells at ₹80/kg. While selling, he uses faulty weights and gives 800 gm instead of 1 kg. Find his actual profit percentage.
- A32.25%
- B36.65%
- C28.75%
- D56.25%
Solution & Step-by-step Explanation
Let's consider the cost price of 1000 gm (1 kg) of groundnuts is ₹64.Therefore, the cost price of 800 gm given to the customer is:
The selling price charged to the customer for this quantity (under the pretense of 1 kg) is ₹80.
Actual Profit = Actual Profit Percentage:
The selling price charged to the customer for this quantity (under the pretense of 1 kg) is ₹80.
Actual Profit = Actual Profit Percentage: