a shopkeeper sells his goods at cost price but uses a faulty weighing machine that weighs 950 grams.find the profit%
Answers
Answer:
5%
Step-by-step explanation:
let the original price of 1kg goods is x
then he should sell 1000 g @x
but for fault he sell 950 g @ x
but if you calculate he should shell 950 g @ 19x/20
profit=(x-(19x/20))/x=1/20
profit percentage=100/20=5%
The profit percentage is 5.26% approximately.
Step-by-step explanation:
Consider the provided information.
Let the cost of 1 kg or 1000 gm is 1000 rupees.
He sells his goods at cost price but but uses a faulty weighing machine that weighs 950 grams.
That means if customer will pay 1000 rupees he will sell only 950 grams of goods.
Therefore, the profit = 1000 - 950 = 50
The profit percentage is:
Hence, the profit percentage is 5.26% approximately.
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