Rao bought notebooks at the rate of 4 for rupee 35 and sold them at the rate of 5 for rupees 58 . Calculate his gain percentage
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Answer:
Consider the number of note books bought =20
Here the LCM of 4 and 5 is 20
C.P. of the notebooks =35/4×20
=35×5
=Rs.175
S.P. of the note books =58/5×20
=58×4
=Rs.232
(i) We know that
Gain=S.P.–C.P.
Substituting the values
=232–175
=Rs.57
Here
Gain%=[Gain/C.P.×100]%
Substituting the values
=[57/175×100]%
By further calculation
=[57/7×4] %
So we get
=228/7 %
=3274 %
(ii) When the profit is Rs. 57, the number of note books sold = 20
When the profit is Rs. 1, the number of note books sold = 20/57
When the profit is Rs.171, the number of note books sold =20/57×171
=20×3
=60
Explanation:
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