A dishonest shopkeeper uses a weight of 850 gm instead of 1 kg and sells rice on its cost price. What will be his profit percentage on selling 5 kg rice?
Let cost price of 1 kg rice = Rs. 1000 Â (1 gm rice cost Re. 1)
=> Cost price of 1 kg rice (850 gm in reality) = Rs. 850
He sells rice on its cost price, => selling price of 1 kg rice = Rs. 1000
$$\therefore$$ Profit % = $$\frac{(1000-850)}{850}\times100$$
=Â $$\frac{150}{8.5}=17.647\equiv17.65\%$$
=> Ans - (B)
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