There is a shopkeeper whose claim is that he sells a certain product at a cost of Tk 23/kg, which actually costs him Tk 25/kg. The shopkeeper says that he is taking the loss to let his customers get a better deal. When examined thoroughly, the constabulary find that the shopkeeper is actually using an 800 gms weight in place of a 1 kg weight. How much does he gain or lose?

Question: There is a shopkeeper whose claim is that he sells a certain product at a cost of Tk 23/kg, which actually costs him Tk 25/kg. The shopkeeper says that he is taking the loss to let his customers get a better deal. When examined thoroughly, the constabulary find that the shopkeeper is actually using an 800 gms weight in place of a 1 kg weight. How much does he gain or lose?

Solution:
Selling price of 0.8 kg = 23 taka

Selling price of 1 kg = 23/0.8 taka
= 115/4 taka
= 28.75 taka

∴ Percentage profit = {(28.75 - 25)/25} × 100%
= (3.75/25) × 100%
= 15%