Question

Choose the correct option. Agreedy shopkeeper cheats by 5%, while selling wheat. He bought wheat at Rs. 50/kg, and sold it at the same price. What was his profit percentage?​

Answer 1

Answer:

I Think it's 2.5 Rs

Step-by-step explanation:

50Rs ÷ 100% = 0.5

0.5 × 5 = 2.5Rs

Answer 2

Solution :-

Let us assume that, Shopkeeper bought 1kg of Wheat at Rs.50 .

So,

→ CP of 1 kg of wheat = Rs.50

now,

→ Wheat he bought = 1000 gm

→ He cheats while selling = 5% = 1000 * 5/100 = 50gm .

then,

→ He sold = 950 gm at Rs.50 .

therefore,

→ He sold 950 gm wheat at = Rs.50

→ He sold 1 gm wheat at = (50/950)

→ He sold 1000 gm wheat at = (50/950) * 1000 ≈ Rs.52.63

hence,

→ His profit = SP of 1 kg wheat - CP of 1 kg wheat = 52.63 - 50 = Rs.2.63

→ Profit % = (Profit * 100) / CP = (2.63 * 100)/50 = 5.26% (Ans.)

His profit percentage was 5.26.

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