Practicing Success
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. |
66.66% 6.25% 12.5% 40% |
6.25% |
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% |