Question

If the selling price of refrigerator is equal to 1 1/3 of its cost price. Find the gain percent.

Answer 1

Answer:

if Selling price of an article is 1 1/3 of its cost price .Find gain percent .

hope this solution will help you

Answer 2

Given - Selling price and cost price

Find - Gain percentage

Solution - The gain percent is 33.3%.

Let the cost price of the refrigerator be x. Now, the selling of refrigerators is

$(1 \times \frac{1}{3}) x$

So, the selling price of refrigerator=

$\frac{4}{3} x$

Now, the gain is calculated by subtracting the cost price from the selling price.

Gain = 4/3x - x

Gain = 4x - 3x/3

Gain = x/3

Now, Gain Percentage will be calculated by the formula-

Gain Percentage = profit/cost price*100

Gain Percentage = (x/3)/x*100

Gain Percentage = 1/3*100

Gain Percentage = 33.3%.

Thus, the gain percent is 33.3%.