Question

A dealer sold a camera for rs 1080 gaining 1/8 of its cost price. Find (1) the cost price of the camera. and (2) the gain per cent earned by the dealer

Answer 1

Given SP = 1/8 of CP + CP


     1080 = 9/8 CP

        CP = 960 rs

Gain percent = (120/960)x100

                       = 12.5%