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let’s say the Cost Price is 1000x. (CP)
The selling price is also the same as the Cost price. So, here SP=CP (But he sells 950gm instead of 1000gm)
Instead of 1000gm, he is selling 950 grams at the CP. So he sells 050 gms @1000x price. So his net profit is 50gm.
Now 1000gm is 1000x Rs
So, 50gms is 50x rs. [Apllied Unitary Method]
So his profit percentage is:
Profit Percentage Formula: {(Profit/CP)*100%}
So, Here profit is 50x;
CP is 1000x;
so putting the value in the formula we get, Profit Percentage is: (50x/1000x)*100% =(5000x/1000x)%=5%.