Question

A dealer sold a camera for 1080 gaining 1/8 of its cost price. Find (i) the cost price camera, and(ii)the gain percent earned by the dealer ​

Answer 1

(i) 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

(ii) Gain=SP−CP=1080−960=120

Gain%=(120×100)/960

=12.5%

∴ The Gain percent is 12.5%

Answer 2

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(i) 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

(ii) Gain=SP−CP=1080−960=120

Gain%=(120×100)/960

=12.5%

HOPE SO IT WILL HELP.....