General Aptitude TestNumerical AbilityProfit and Loss

A shopkeeper promises to sell his goods at x% loss but he uses 20% le…

A shopkeeper promises to sell his goods at x% loss but he uses 20% less weight and gain 20%. Find x.

Answer & explanation

Correct answer: option 4

Let actual weight = 1000 gm

& CP of 1000 gm is Rs.1000

CP of 800 gm = Rs.800

20% = \(\frac{1}{5}\)

⇒ CP = 5P, SP = 6P

So, CP = 800, then SP = 960

Now,

Actual CP = 1000, SP = 960

Loss = 40

Loss % = \(\frac{40}{1000}\) × 100 = 4% = x%

Hence, x = 4