A shopkeeper sells sugar in such a way that the selling price of 950g of sugar is the same s the cost price of 1 kg of sugar. What is his gain percent?
A. $5 \frac{5}{19} \%$ B. $5 \frac{1}{5} \%$ C. 5% D. $4 \frac{1}{19} \%$ Answer: Option AShow Answer
Solution(By Apex Team)
$\begin{array}{l}\text{Sell sugar }\\
\text{= 950 g instead of 1000 g}\\
\text{Profit in sugar}\\
\text{= 1000-950 = 50 g}\\
\text{Now, % profit}\\
=\frac{50\times100}{950}=5\frac{5}{19}\%\\
\end{array}$
Short-cut
$\begin{array}{l}\%\text{ profit }\\
=\frac{\text{ Goods left }}{\text{ Goods sold }}\times100\\
=\frac{50}{950}\times100\\
=5\frac{5}{19}\%\end{array}$
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