if the selling price of five cricket balls is same as the cost price of 12 cricket balls then find the gain percent
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Given: The selling price of five cricket balls is the same as the cost price of 12 cricket balls.
To find: We have to find the gain percentage.
Solution:
The gain percentage can be determined as follows-
Let the cost price of 12 cricket balls is 120 rupees.
So, the cost price of one cricket ball is 120/12=10 rupees.
The selling price of 5 cricket balls is 120 rupees.
So, the selling price of one ball is 120/5=24 rupees.
The gain percentage is given as-
The gain percentage is 140%.
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