on selling a photo frame for Rs144 shopkeeper loses 1/7 of his outlay. If it sold for Rs189 the gain percent will be
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12.5%
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By selling a jug for Rs. 144, a man loses
7
1
of his outlay. If it is sold for Rs. 189, what is the gain percent?
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Solution
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Correct option is
D
12.5%
Selling price of Jug =SP
Cost price Jug =CP
SP
1
= Rs. 144 selling price initially
Loss =
7
1
×CP given in question
Loss=CP−SP
Loss =
7
1
×CP=CP−144
⇒
7
6
×CP=144
⇒CP= Rs. 168
Now, If Jug is sold for Rs. 189
SP
2
= Rs. 189
Gain %=
CP
SP−CP
×100%
=
168
189−168
×100%
=
168
21
×100%
=
8
1
×100%
=12.5%
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