A shopkeeper promises to sell his goods at 44% loss but he uses 30% less weight. Find actual loss %.
Answer & explanation
Correct answer: option 1
Let the CP = 1000
SP for shopkeeper = 1000 × \(\frac{56}{100}\) = 560
But he uses 30% less weight
CP for shopkeeper = 1000 × \(\frac{70}{100}\) = 700
Loss = 700 - 560 = 140
Loss % = \(\frac{140}{700}\) = 20%