a vendor buys oranges at 9 for 10 and sells them at 12 for 16 find his gain percent
Answers
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GiVeN:-
- Cost Price(CP) of 9 Oranges is 10
- Selling Price(SP) of 12 Oranges is 16
To FiNd:-
- Gain percent
SoLuTiOn:-
Cost Price of 9 orange = 10
Then,
CP of 1 orange = 10/9
Now,
Selling Price of 12 orange = 16
Then,
SP of 1 orange = 16/12 = 4/3
Now,
We know that,
- Profit or gain = Selling Price (SP) - Cost Price (CP)
So,
Profit (P) =
Now, Profit (P) = 2/9
We know that,
Profit % =
Hence,
Profit or Gain percent is = 20%
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