A dishonest shopkeeper professes to sell at a discount of 15% to his cost price but uses 400 gm instead of 500 gm. The actual gain or loss percentage is
OPtion
1) 5.33% Loss
2) 6.75% Gain
3) 6.66% Gain
4) 6.25% Gain
5) 7.66% Loss
6) 7.33% Gain
7) 4.84% Gain
8) 3.33% loss
9) 4.25% Gain
10) None of these
Solution
For shopkeeper, let CP of 1 kg or 1000 gm = 100
As he is using 400 gm instead of 500 gm .'. For 1 kg price, he actually sells 800 gm
CP of 800 gm = 80
With 15% discount, SP of 800 gm = (100-15) = 85
.'. % Gain = [(85-80)/80]*100 = 25/4 or 6.25%
Correct Option 4)