Question

If a person sells an articles for 650 gaining 1/8th of its C.P., find his gain percent.

Answer 1

in the simply way gained 1/8c.p
gain % = gain /c.p×100
= 1/8c.p/ c.p+×100
= 1/8×100
= 12.5%

Answer 2

Gain % = 12.5% if gaining 1/8th of its C.P.

Step-by-step explanation:

Let say cost price = 8C

gaining 1/8th of its C.P.

Gain =(1/8)×8C = C

Gain% = 100 × C/8C

= 25/2

= 12.5%

Selling Price = 8C + C = 9C

9C = 650

=> C = 650/9 = 72.22

8C = 577.78

Cost Price = 577.78 rs

Gain= 72.22 Rs

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