A seller professes to sell his fruits at cost price but still gains %. How much does he give for 1 kg?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 950 gm.
Let us assume the dealer purchases 1000 gm at Rs. 1000
Let the dealer purchase x gm at Rs.1000
Gain percentage = (100/19)%
Cost Price = Selling Price × 100/(100 + profit %)
Then,
⇒ 100/19 = [(1000 - x)/x] × 100
⇒ x = 19000 - 19x
⇒ 20x = 19000
⇒ x = 950