Question

A dealer sold a camera for ₹1080 gaining 1/8 of its cost price. Find (1) the cost price of the
camera, and (ii) the gain per cent earned by the dealer.
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Answer 1

Answer:

Let us consider the cost price of camera be x

SP of camera = x+1x/8=1080

x+x/8=1080

9x/8=1080

9x=1080×8

x=960

∴ The CP of the camera = ₹960

Gain=SP−CP=1080−960=120

Gain%=(120×100)/960

=12.5%

∴ The Gain percent is 12.5%

Step-by-step explanation:

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