Question : A dishonest dealer professes to sell his goods at a cost price but he uses 950 gm weight for a kilogram. His gain percentage is: (rounded off to two decimal places)
Option 1: 5.35%
Option 2: 5.26%
Option 3: 5.86%
Option 4: 5.96%
Answer (1)
25th Jan, 2024
Correct Answer: 5.26%
Solution :
There is a profit of 50 grams on 950 grams.
By using the formula:
Profit % = $\frac{\text{Profit}}{\text{CP}}$ × 100
= $\frac{50}{950}$ × 100
= 5.26
Hence, the correct answer is 5.26%.
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