Question
Download Solution PDFA dealer professing to sell his goods at cost price uses 950 grams weight for 1 kg. His gain percentage is: (rounded off to two decimal places)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
A dealer professes to sell his goods at cost price uses 950 grams weight for 1 kg.
Formula used
Profit = SP - CP
% profit = (profit /CP) × 100
Calculation
Let the CP of 1 g = x
Given CP of 1 kg = SP of 1 kg = 1000x
But the CP of what he is selling = 950x
His Profit = 1000x – 950x = 50x
% Profit = (50x/950x) × 100 = 5(1/19)
∴ The required profit% is 5.26%.
Last updated on Jul 21, 2025
-> The SSC CGL Notification 2025 has been announced for 14,582 vacancies of various Group B and C posts across central government departments.
-> The SSC CGL Tier 1 exam is scheduled to take place from 13th to 30th August 2025 in multiple shifts.
-> Candidates had filled out the SSC CGL Application Form from 9 June to 5 July, 2025. Now, 20 lakh+ candidates will be writing the SSC CGL 2025 Exam on the scheduled exam date. Download SSC Calendar 2025-25!
-> In the SSC CGL 2025 Notification, vacancies for two new posts, namely, "Section Head" and "Office Superintendent" have been announced.
-> Candidates can refer to the CGL Syllabus for a better understanding of the exam structure and pattern.
-> The CGL Eligibility is a bachelor’s degree in any discipline, with the age limit varying from post to post.
-> The SSC CGL Salary structure varies by post, with entry-level posts starting at Pay Level-4 (Rs. 25,500 to 81,100/-) and going up to Pay Level-7 (Rs. 44,900 to 1,42,400/-).
-> Attempt SSC CGL Free English Mock Test and SSC CGL Current Affairs Mock Test.