A grocer professes to sell rice at the cost price, but uses a fake weight of 870 g for 1 kg. Find his profit percentage (correct to two decimal places)
Question:
A grocer professes to sell rice at the cost price, but uses a fake weight of 870 g for 1 kg. Find his profit percentage (correct to two decimal places)
A grocer professes to sell rice at the cost price, but uses a fake weight of 870 g for 1 kg. Find his profit percentage (correct to two decimal places)
Options
Answer: (2) 14.94%
Explanation:
Profit % = (1000-870)/870 × 100 = 130/870 × 100 = 14.94%
Explanation:
Profit % = (1000-870)/870 × 100 = 130/870 × 100 = 14.94%
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