AFCAT Model Paper 6

Given: Dealer sells the goods at a loss of $6\frac{1}{4}\%$ on cost price He uses 14 gms instead of 16 gmsCalculation: Let the cost of the goods be Rs. 1 per gm. ⇒ CP of 16 gms = Rs. 16 He sells the goods at $\frac{25}{4}\%$ loss on cost price. ⇒ SP of 16 gm of goods $= 16 - \frac{16 \times 25}{4 \times 100} = 16 - 1 =$ Rs. 15 He also used 14 gms instead of 16 gms. ⇒ He takes Rs. 16 instead of Rs. 14 from the customer. ⇒ Profit of the shopkeeper = (16 – 15) = Rs. 1 ⇒ profit % $= \frac{1}{14} \times 100 = \frac{50}{7}\%$ ∴ Gain percent of the shopkeeper = $7\frac{1}{7}\%$