Correct Answer - Option 4 : 100/7%
Given:
A shopkeeper calculates his loss of 50/3 % on selling price.
Calculation:
50/3 % = 50/3 × 1/100 = 1/6
That is, if SP = 6x , then loss = 1x ⇒ CP = 7x
∴ Actual loss percent = loss/CP × 100
= (1x/7x) × 100 = 100/7%
∴ 100/7%