Question

By selling an article 144, a man loses 1/7 of his outly by selling it for Rs 168. What is his gain or loss percent?

Answer 1

Let the cost Price be C

So the selling price at a loss of 1/7 of his outlay = C - C*1/7 = 6C/7

So, 6C/7 = 144 Or. C = 144 * 7.6 = 168

So, Cost price = Rs. 168

There is no gain or loss by selling at Rs. 168 since Cost price equals Sale price.

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