A dealer advertises that he sells his goods at cost price. But he uses 950 grams for 1 kilogram. Find his gain or loss percentage.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Gain %.
Let the cost of 1 kg = ₹100
He gives 950 grams but charges for 1000 grams
Selling Price = ₹100
Cost price = × 100 = ₹95
Gain = 100 - 95 = ₹5
Gain% = × 100 = %