Question

If the selling price of a TV set is equal to 6/5 of its Cost price.Find the profit percentage?

Answer 1

Let the cost price be x.

Then the selling price is 6x/5.

We know that Gain = SP - CP

                                 = 6x/5 - x

                                 = x/5.

 Gain % = (x/5  * 100)/x

             = 20.


Hope this helps!