Question

A dishonest trader professes to sell his goods at cost price but uses a false weight of 950 gms. instead of a kg. Find his profit or loss percent.​

Answer 1

Answer:

Let the CP for 1 Kg ( 1000 gms) = Rs. 100

So, SP for 950 gms = Rs. 100, Hence, SP for 1 Kg (1000 gns ) = 100/0.95 = Rs. 105.26

Gain = 105.26 - 100 = Rs. 5.26, Gain % = 5.26/100 * 100 = 5.26% Ans.