Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A dishonest shopkeeper promises to sell his goods at 25% loss but uses 800 gm weight instead of 1 kg. Find his actual loss percent.

Options:

66.66%

6.25%

12.5%

40%

Correct Answer:

6.25%

Explanation:

Let the price of 1000 gm = 100

Selling price of 800 gm = 100 × \(\frac{75}{100}\) = Rs. 75

Cost price of 800 gm = Rs. 80

Loss % = \(\frac{(80-75)}{80}\) × 100 = 6.25%