UGC NET Paper 1 GA 20 Nov 2021 Shift 1 Solved Paper

Formula Used:
Profit $=$ Selling price $-$ Cost price
Profit $\%=($ Profit $∕$ Cost price $)\times 100$
Calculation:
Given, Cost price $=95\%$ of selling price
Cost price $=\left(95∕100\right)\times$ Selling price
$\mathit{C}\mathit{P}∕\mathit{S}\mathit{P}=95∕100$
$\mathit{C}\mathit{P}∕\mathit{S}\mathit{P}=19∕20$
Here, Profit $=\mathit{S}\mathit{P}-\mathit{C}\mathit{P}=20-19$
Profit $=1$
Profit $\%=($ Profit $∕$ Cost price $)\times 100$
Profit $\%=\left(1∕19\right)\times 100=5.26\%$