The following question, there are three statements I, II and III. Read the question carefully and mark your answer according to which statements(s) is/are sufficient to the answer the question. Find the overall profit percent of the shopkeeper? Statement I: The profit made while selling 1 kg of sugar was 16%. But he uses false weight. Statement II: Weight used was 31% less than the actual 1 kg weight of the sugar. Statement III: There was no discount on the price of the sugar Correct Answer Only I and II Let the packet of sugar marked as 1 kg From statement I SP = 116% of CP of 1 kg of sugar = (116/100) × 1000 = Rs. 1160 From statement II Weight used = 31% less than actual weight = 690gm Let C.P of each gm of sugar = Rs. 1 Then, C.P of the 690 gm = Rs. 690 Gain% = (1160 - 690)/690 × 100 = 68.11% Statement III is not useful here ∴ Only I and II is needed to answer