Allied & ICAR Exam Bank • ALLIED_1600 MCQ • 1 Mark

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

A shopkeeper uses a 950 g weight instead of 1 kg. His profit percentage when selling at cost price is:

Options:

  • (A) 5.26%
  • (B) 5.00%
  • (C) 5.55%
  • (D) 4.76%

Answer Key:

A

Step-by-Step Solution & Explanation

Gain $= (50 / 950) \times 100 = 100 / 19 \approx 5.26\%$.
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