If the selling price of a TV set is equal to 6/5 of its cost price. find the gain per cent.
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Answer:
Let the cost Price of the TV = Rs x
Selling price (s.p ) = 6x/5
Gain ( g ) = s.p - c.p
g = 6x/5 - x
= ( 6x - 5x ) /5
= x/5
Gain % = ( g × 100 )/CP
= ( x/5 × 100 ) / x
= 20%
I hope this helps you.
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