Question

A shopkeeper sells sugar in such a way that the selling price of $950$ gm is the same as the cost price of one kg. Find his gain $\%$.

• A. $5.26\%$
• B. $7.8\%$
• C. $6.26\%$
• D. none of these

Answer 1

The correct option is A $5.26\%$

Let Cost price of $950$ g sugar $=Rsx$
=> Cost price of $1$ kg sugar $=\frac{1000}{950}\times x=Rs\frac{100}{95}x$
Given, Selling price of $950$ g sugar $=$ Cost price of $1$ kg sugar $=Rs\frac{100}{95}x$
Now, Profit $\%$ $=\frac{S.P.-C.P.}{C.P.}\times 100=\frac{\frac{100}{95}x-x}{x}\times 100=\frac{5}{95}\times 100=5.26$ %