Question

A man sells 950gm of sugar which is equal to the cost price of one kg.find his gain%.

Answer 1

Let the cost price of 1000 gm (1 kg) be Rs 1000
CP of 950 gm = Rs 950
But, SP of 950 gm = CP of 1 Kg = Rs 1000

Gain = (1000-950) = Rs 50

Gain % = (gain/CP)×100
             =(50/950)×100 = 100/19 
             = 5.26%