A shopkeeper claims to sell at cost price but uses $960$ g instead of $1$ kg. His gain percentage is:

Question

A shopkeeper claims to sell at cost price but uses $960$ g instead of $1$ kg. His gain percentage is:

Option A

$4\%$

Option B — Correct answer

$4\frac16\%$

Correct choice.

Option C

$4\frac23\%$

Option D

$5\%$

Explanation

Gain percent $=\frac{1000-960}{960}\times100=\frac{40}{960}\times100=4\frac16\%$.

Chapter Mock 4: Profit and Loss