Question
Download Solution PDFA seller professes to sell his fruits at cost price but still gains \(5\frac{5}{19}\)%. How much does he give for 1 kg?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFLet us assume the dealer purchases 1000 gm at Rs. 1000
Let the dealer sell N gm at Rs. 1000
Gain percentage = (100/19)%
Then,
⇒ 100/19 = [(1000 - N)/N] × 100
⇒ N = 19000 - 19N
⇒ 20N = 19000
⇒ N = 950
∴ He uses a weight of 950 gm.
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