if the selling price of 16 watches is equal to the cost price of 17 watches find the gain percent
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Answered by
4
cp of 17 watch be x=sp of 16 watch
cp of 1 watch is x/17
cp of 16 watch is 16x/17
gain=sp-cp
gain=x-16×/17
gain=x/17
gain%=x×100/(17×x)
gain%=5.8%
Answered by
17
Let the selling price of each watch be 'x'.
Then, the selling price of 17 water bottles = 17x.
Cost price of 17 watches = Selling price of 16 watches = 16x
Thus, SP = 17x and CP = 16x.
Since, (SP) > (CP)
Gain = (17x - 16x)
= x
Gain% = (Gain/CP) * 100
= (x/16x) * 100
= 6.25% (or) 6 (1/4)%
Hope this help!
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