A shopkeeper sells goods at 40% loss on cost price but uses 25% less weight. What is his percentage profitor loss?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Loss, 20%.
Cost price of 1 kg of goods = Rs. 100
So, the Selling price of 1 kg of goods = Rs. 60 (40% loss)
The shopkeeper sells 0.75 kg (25% less weight) for Rs. 60.
Selling price of 1 kg = 60/0.75 = Rs. 80
Loss = 100 - 80 = Rs. 20
Loss percentage = (20/100) × 100 = 20%
Therefore, even though the shopkeeper uses less weight, he still incurs a loss of 20%.