Question

a dishonest shopkeeper normally Sold His goods at the cost price but while selling he uses a weight of 950 gm instead of a kg. Find his actual profit percentage.

Answer 1

less quantity/quantity given to customer
according to question

less quantity= 1000gram-950gram = 50gram

quantity given to customer = 950 gram

profit % = 50/950 ×100
= 100/19%
=5.26%

Answer 2

Let the CP of 1kg = 1000

Then CP of 950 gram = 950

SP of 950 gram = 1000

Profit = 1000 - 950 = 50

Profit % = 50/950 × 100 = 500/95 = 5.26%

Actual profit is 5.26%