Rajesh sells a radio for ₹144 and he losses 1/7 of his outlay. Find the cost of the radio
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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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