The price per kg of the item is assumed to be Rs. 84 as per his claim.
Since the trader actually receives Rs. 120 but charges based on Rs. 84 per kg, the actual weight given can be calculated as:
\[ \text{Actual Weight Given} = \frac{\text{Claimed Selling Price}}{\text{Actual Selling Price per kg}} \]
Substituting values:
\[ \frac{84}{120} \times 1 \text{ kg} = 0.7 \text{ kg} = 700 \text{ grams} \]
The trader claims to sell 1 kg but actually gives only 700 grams. The amount he defrauds is:
\[ 1000 - 700 = 300 \text{ grams} \]
Thus, the correct answer is (D) 300 grams.
List-I | List-II |
---|---|
(A) Confidence level | (I) Percentage of all possible samples that can be expected to include the true population parameter |
(B) Significance level | (III) The probability of making a wrong decision when the null hypothesis is true |
(C) Confidence interval | (II) Range that could be expected to contain the population parameter of interest |
(D) Standard error | (IV) The standard deviation of the sampling distribution of a statistic |