Question

A person sells an article such that he gains 1/10 of its CP. His gain percent is?

Answer 1

Answer:

To convert fraction into % , you have to multiply the fraction by 100

(1/10)×100= 10

Ans : 10%

Answer 2

Answer:

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Step-by-step explanation:

Let the C.P be = x

Gain=x/10

The selling price of the article= Rs. 550

We know that, S.P= C.P + Gain

This implies that ⇒x+x/10= 550

⇒10x+x/10=550

⇒11x/10=550

⇒11x=550×10

⇒11x=5500

⇒x=5500/11

⇒x=500

Thus, C.P = Rs. 500 and gain =Rs. 50

Gain %= gain/C.P ×100

           =50/500×100

            10%

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