Question

Mahesh purchased a radio at 9/10 of its selling price and sold it at 8% more than its original selling price. his gain %.is

Answer 1

Hence, total gain % by mahesh is 20%

Answer 2

The profit percentage on selling the radio is 20%

Step-by-step explanation:

Let the original Selling Price be Rs. 100

The cost price of the radio is $Rs.\frac{9}{10} \times 100=R s .90$

The price at which Mahesh sold the radio was 8% more than original S.P

$i.e., 100+\frac{8}{100} \% \text { of } 100=R s .108$

Therefore, the profit in selling the radio is,

$108 - 90 = 18$

Rupees 18 is the profit on this transaction, now to find the profit% we use,

$\frac{(\text {Selling Price }-\text {Cost Price})}{\text { cost Price }} \times 100=\frac{18}{90} \times 100=20 \%$