A dishonest dealer professes to sell his goods at the cost price but uses a false weight of 950 g instead of 1 kg. What is his gain percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. .
Profit = S.P. - C.P.
Profit% = Profit/C.P. × 100
Let the C.P. of 1 gm be x
Given, C.P. of 1 kg = S.P. of 1 kg = 1000x
But the S.P. of what he is selling = 950x gm
His profit = 1000x - 950x = 50x gm
Profit% = 50x/950x × 100 =