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Profit and Loss

A shopkeeper ...

Question

A shopkeeper prefers to sell his goods at the cost price but uses a weight of 800 gm instead of 1 kg weight. He earns a profit of:

A

2%

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B

8%

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C

20%

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D

25%

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Solution

The correct option is D 25%
$\frac{100 + G}{100} = \frac{1000}{800}$
$1 + \frac{G}{100} = \frac{10}{8}$
$G = \frac{2}{8} \times 100 = 25$

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