A dealer advertises that he sales his goods at cost price. But he uses 950 gm for 1 kg weight. Find his gain or loss percentage.
- ALoss 4
19
6
% - BGain 4
19
6
% - CLoss 100
19
1
% - DGain
19
100
%
Solution & Step-by-step Explanation
The dealer sells 950 gm instead of 1000 gm (1 kg).
Cost Price (CP) to dealer = cost of 950 gm
Selling Price (SP) received = cost of 1000 gm
Profit = 1000−950=50gm
Profit Percentage=(
CP
Profit
)×100=
950
50
×100=
19
100
%=5
19
5
% Gain
Alternative representation of fraction in options shows Option D as
19
100
% Gain.
Cost Price (CP) to dealer = cost of 950 gm
Selling Price (SP) received = cost of 1000 gm
Profit = 1000−950=50gm
Profit Percentage=(
CP
Profit
)×100=
950
50
×100=
19
100
%=5
19
5
% Gain
Alternative representation of fraction in options shows Option D as
19
100
% Gain.