if the selling price of an article is 4/3 of its cost price find the gain percent
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Answer :-
Gain % is 33.33 %.
Solution :-
Let cost price of an article be x
Selling price of an article = 4/3 of its cost price = 4/3 * x = 4x/3
SP > CP
So Gain = SP - CP
= 4x/3 - x/1
= (4x - 3x)/3
= x/3
We know that
Gain % = Gain/CP * 100
= (x/3)/x * 100
= x/3 * 1/x * 100
= 1/3 * 100
= 100/3
= 33.33 %
Therefore Gain % is 33.33 %.
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