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Word Problem - Profit/Loss

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Word Problem - Profit/Loss

by sukhman » Fri Oct 18, 2013 10:13 pm
A dishonest shopkeeper uses a 900 gram weight instead of 1 kilogram weight . Find his profit percent if he sells per kilogram at the same price as he buys a kilogram.
Last edited by sukhman on Fri Oct 18, 2013 10:52 pm, edited 1 time in total.
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by theCodeToGMAT » Fri Oct 18, 2013 10:37 pm
Suppose 1000gram costs = 1000Rs

So, 900 grams = 900 Rs

So, he saved 100Rs out of 1000Rs

So profit: 100/900*100 = ~11%
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