ABC26GN2702 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2008 · Marks: · Difficulty:

A dealer professes to sell his goods at cost price but he uses a false weight of 950 grams for a kilogram. The gain percent of the dealer is

(a)$4 \frac{5}{19} \%$

(b)5\%

(c)$5 \frac{5}{19} \%$

(d)$19 \frac{1}{5} \%$

Answer

Answer (as printed): C

Explanation

Gain $\%=\left(\frac{50}{950} \times 100\right) \%=5 \frac{5}{19} \%$.

Explanation as extracted from the printed page; notation may be imperfect.