Question

By selling an item for $3600, a man makes a profit of 20%. What is the cost price of the item? What would his gain % be if he sold the item for $4000?​

Answer 1

Answer:

Cost price of the item is $3000

and Gain% would be 33.33% if he sold the item for $4000

Step-by-step explanation:

First case

Given SP=$3600

Profit=20%

Let us say CP=X

X×120/100=$3600

X=$3000

Second case

Now CP=$3000 and SP=$4000

GAIN%=SP-CP/CP

GAIN%=(SP/CP-1)=(4000/3000-1)=33.33℅

Answer 2

Step-by-step explanation:

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