A shopkeeper sells his goods at cost price but uses a weight of 890 gm instead of kilogram weight. What is his profit percentage?
110 gm of goods saved per 890gm of goods sold ie., 890gm - is Cost price for the seller and he gets the money of 110gm of the goods as profit for every 890gm of goods sold. Therefore Profit % = (110/890)*100 = 12.36%.
110*100/890=12.3% profit
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