A fruit seller declares that he sells fruits at the cost price However, He use a weight of 450 g instead of 500 g. His percentage profit is

10 %
11 1/9 %
12 %
12 2/9 %

Correct Answer: 11 1/9 %

Explanation:

Profit (%) = goods lefts / goods sold X 100 = ( 50 / 450 ) X 100 = 11¹/₉ %
Alternatively : Suppose CP of 1g is Rs.1 then he sells goods worth Rs.450 only and charges Rs.500. So the profit is Rs.50 over the sale price of Rs. 450.

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