Correct Answer - Option 1 : 66.67%
Given:
A dishonest shopkeeper sells sugar at Cost price but uses 600 gm in place of 1 kg weight.
Formula used:
Profit or Gain % = {(Selling price – Cost price)/Cost price} × 100
Calculation:
Let be 1 gram = 1 rupees
The cost price of sugar for shopkeeper = Rs. 600
The selling price of sugar for shopkeeper = Rs. 1000
⇒ Profit or Gain% = {(1000 – 600)/600} × 100
⇒ (400/600) × 100
⇒ 66.67%
∴ The actual gain percentage of shopkeeper is 66.67%.
