a man by a car at 15/16th of its value and sells it for 10% more than its value. his gain percentage is
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let actual CP be x.
CP for the man=15/16ofx=15x/16
Then,
SP of the car=(100+10)%of CP
=110/100×15x/16
=1.1×15x/16
=1.03x
Now,
p%=sp-cp/cp×100%
=1.03x-x/x×100%
=0.03x/x×100%
=0.03×100%
=3%
So the gain is 3%.
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