Question

3
A man sold a table for *2250 and gained one-ninth of its cost price. Find :
(i) the cost price of the table
(ii) the gain per cent earned by the man.
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Answer 1

Answer:

(i)

(ii)

Step-by-step explanation:

Profit of Trade = 1/9 of C.P. or 10/9 of S.P. =$ 225

S.P. (selling price) of table = $2250 = C.P. + Profit = 9/9 + 1/9 = 10/9

C.P. (cost price) of table = S.P. - Profit

(i) C.P. of the Table = S.P. - Profit = $2250 - $225 = $2025

(ii) Profit of Trade = $225 ( gain per cent = 10%)