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%
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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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Question : A dishonest dealer professes to sell his goods at cost price but uses a false weight and thus gains 15%. For a kilogram, he uses a weight of _________ (rounded off to one digit after decimal).
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