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Select the correct answerA shopkeeper sells his goods at cost price but uses a faulty meter that weighs 950 grams. Find the profit percent.Options 10019% 76123%None of these 10037

Question

Select the correct answerA shopkeeper sells his goods at cost price but uses a faulty meter that weighs 950 grams. Find the profit percent.Options 10019% 76123%None of these 10037

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Solution

The shopkeeper is selling his goods at cost price, but he is using a faulty meter that weighs 950 grams instead of 1000 grams. This means that for every 1000 grams (1 kilogram) of goods that he sells, he is actually only giving 950 grams.

Here's how to calculate the profit percent:

  1. First, find out how much extra the shopkeeper is getting for every 1000 grams he sells. This is 1000 - 950 = 50 grams.

  2. Next, calculate the profit percent. The profit percent is the extra amount the shopkeeper gets (50 grams) divided by the actual amount he gives (950 grams), then multiplied by 100 to convert it to a percentage.

So, the profit percent is (50/950) * 100 = 5.2631578947368425%.

None of the options provided match this answer, so the correct answer is "None of these".

This problem has been solved

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