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CAT 2023 Slot 3 · Quant · Profit, Loss and Discount · medium

A dishonest shopkeeper uses a weight of 800 g instead of 1 kg while selling rice at the cost price.

Single correct option

A dishonest shopkeeper uses a weight of 800 g instead of 1 kg while selling rice at the cost price. What is his profit percentage?
  1. A. 20%
  2. B. 22.5%
  3. C. 25%
  4. D. 20/9%
Show answer and solution

Answer: (C) 25%

The shopkeeper gives only 800 g but charges for 1000 g at cost price. Profit is earned on the shortfall of 200 g relative to what was actually given (800 g). Profit % = (1000−800)/800 × 100 = 200/800 × 100 = 25%.
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Original question written in the CAT 2023 Slot 3 pattern and checked twice for the correct answer. Not an official question paper. How we write and check questions · Corrections policy · Report a mistake