Question

Dilip buys a radio at 3/4 of its value and sells it for 20% more than its value. What is his gain? ​

Answer 1

Answer:

Step-by-step explanation:

Let original price be "X".  

Buying price = 3X/4 = 0.75X  

Selling price = 20% more than X = X+20% of X = 1.2X  

Gain = 1.2X - 0.75X = 0.45X  

Percentage of Gain = (Gain/Buying price) * 100 = 60%.  

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Answer 2

Given:

Dilip buys a radio at 3/4 of its value and sells it for 20% more than its value.

To Find:

The profit Dilip made

Solution:

Let original price of the radio be "x"

Buying price of Radio = $\frac{3}{4}$x = 0.75x

Selling price of Radio = 20% more than X = x + 20% of x = 1.2x

Profit = 1.2x - 0.75x = 0.45x

Percentage of Profit = $\frac{Profit}{Buying price}$ × 100 = $\frac{0.45x}{0.75x}$×100 = 60%.

Hence, Dilip made a gain of 60%.