Profit Percentage =( Profit ∕ Cost Price )×100 Calculation: Let the actual weight be 100 units. ⇒ Weight used by the shopkeeper =100−21=79 units Let the cost price (CP) of 1 unit of goods =₹1. Total cost price for 79 units =79×1=₹79 Selling Price (SP) of 79 units = Selling Price for 100 units (as he promises to sell at cost price). ⇒SP=₹100 Profit =SP−CP ⇒ Profit =100−79=₹21 Profit Percentage =( Profit ∕ CP )×100 ⇒ Profit Percentage =(21∕79)×100 ⇒ Profit Percentage =26(46∕79)%