Question

a shopkeeper sells an item for 348 , making a profit equal to 1/5 of the cost price, finf the gain percent and the cost price​

Answer 1

Let the cost price be x.

1/5x+x=348

6/5x=348

1/5x= 348/6

x= 58×5=290

Hence cost price is Rs 290.

Now Profit = 1/5×290 = 58

Gain percent =58/290×100

=20%

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