On selling a fan for 1,125, Vijay gained one-eight of its cost price. Find the cost price of the fan and the gain percent.
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Step-by-step explanation:
The price 1152 has a gain of 1/8 of the original price.. therefore it is 9/8 of the original
1152 divided by 9 = 128 so each unit is 128
to get the cost price, multiply 128 by 8 = 1204
Checking:
128x8=1024 - (cost price)
1024 x 1/8 = 128 -(gain)
1024+128 = 1152
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