A fan is sold for Rs 1288.If the gain is 1/6 of the cost price of the fan, what is the gain percentage?
Answers
Answered by
2
Answer:
Let, the Cost Price = Rs. x
Given that : Selling Price = Rs. 1288 and profit is 1/6 of Cost Price
According to the question :
1288–(x/6) = x
=> 7728–x = 6x
=> 7x = 7728
=> x = Rs. 1104
Profit = 1104 × 1/6 = Rs. 184
As we know that : Profit% = (Profit/CP)×100
=> Profit% = (184/1104)×100
=> Profit% = 16.67%
I hope it will be helpful for you...!!
Step-by-step explanation:
Similar questions