By selling 130 cassettes,a man gains an amount equal to the selling price of 5 cassettes. Find the gain percent
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gain = SP-CP
=SP of 5 cassettes = SP of 125 cassettes - CP of 125 cassettes
=CP of 125 cassettes = SP of 125 cassettes - SP of 5 cassettes
CP of 125 cassettes = SP of 120 cassettes
let the CP of 1 cassette be x
then CP of 120 cassettes = 120x
SP of 120 cassettes = CP of 125 cassettes=125x
therefore SP of 120 cassettes is greater than CP of 120 cassettes
therefore it's profit
profit = SP-CP
125x-120x = 5x
gain%=profit/CP*100
=5x/120x*100
=25/6%
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