Question

If the selling price of 16 water bottle is equal to the cost price of 17 water bottle find the gain percent earned by the dealer??please answer this question in easy method​

Answer 1

Answer:

6.25% gain

Step-by-step explanation:

Let C be the cost price for one bottle, and S the selling price.

Selling price of 16 bottles = cost price of 17 bottles

=> 16S = 17C

=> S/C = 17/16 = 1.0625 = 106.25%

So S is 6.25% more than C.

That is, the gain is 6.25%.