Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2008 · Marks: · Difficulty:
A shopkeeper advertises for selling cloth at 4% loss. However, by using a false metre scale he actually gains 25%. What is the actual length of the scale?
Answer
Answer (as printed):
Explanation
Let C.P. of 1 m of cloth be ` 1. 96 Professed S.P. of 1 m cloth = ` = ` 0.96. Gain = 25%. 100 100 Actual C.P. of the cloth sold for ` 0.96 = ` × 0.96 = ` 0.768. 125 Actual length of the scale = Length bought for ` 0.768 = 76.8 cm. 1 1
Explanation as extracted from the printed page; notation may be imperfect.