A fan is sold for Rs–800.The gain is one fifth of the cost price of the fan. Find the gain percent
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Answer:
25%
Step-by-step explanation:
Given
S.p = 800
Gain = 1/5 of 800
gain = 160
To find Gain%
Gain% = (profit/C.p)*100
Cp = ?
we know
Profit = sp- cp
so
800-cp=160
-cp =160-800
-cp = -640
C.P =640
Gain%= ( profit/C.P)*100
gain%= (160/640)*100
gain%= (1/4)*100
gain%=25%
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