A man sold a radio-set for ₹250 and gained one-ninth of its cost price. Find :
(i) its cost price
(ii) the profit percent.
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Answer:
Cost Price=225 Rs.
Profit%= 11.11%
Step-by-step explanation:
S.P=250
Gain=1/9 C.P
⇒S>P-C.P= 1/9C.P
10/9×C.P= 250
C.P= 250×9/10
C.P= 225 Rs.
Profit= S.P-C.P
Profit= 250-225
Profit=25 Rs.
Profit%=Profit/C.P×100
Profit%=25/225×100
Profit%= 11.11%
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