A dealer processing to sell his goods at cost uses 950 grams weight for 1 kg His gain percentage is ...........

Quantitative Aptitude (CGL) Profit and loss

A dealer processing to sell his goods at cost uses 950 grams weight for 1 kg. His gain percentage is: (rounded off to two decimal places)

This questions was previously asked in

ssc cgl 2023 pre

5.35%

5.26%

5.86%

5.96%

To determine the dealer's gain percentage:

- The dealer uses 950 grams instead of 1000 grams (1 kg) while selling.

- He still charges as if he is selling 1 kg.

- Thus, he effectively sells 950 grams for the price of 1000 grams.

Calculating the gain percentage:

\text{Gain} = \left(\frac{1000 - 950}{950}\right) \times 100

\text{Gain} = \left(\frac{50}{950}\right) \times 100

\text{Gain} = 5.26\%

So, the correct answer is:

- Option 2: 5.26%

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