Question
Quantitative Ability and Data Interpretation Question on Profit and Loss
A shopkeeper claims to sell rice at cost price. He uses a false weight with the intention of selling rice at 25% profit. After selling Rice to a customer, he realizes that the customer has paid 10% less than what he should have paid. What is the actual profit percentage made by the shopkeeper?
A
6.25%
B
10%
C
12.5%
D
15%
Answer
12.5%
Explanation
Solution
The Correct option is (C): 12.5%