Question

Shyam buys a radio at 3/4 of its value and
sells it for 20% more than its value. What
is his gain percent

Answer 1

Answer:

60%

Step-by-step explanation:

Shyam buys a radio at 3/4 of its value

here value is MRP

shyam bought price is CP

CP=3/4 of MRP

Let CP/MRP=3x/4x

SP=(100+20)%of 4x

Gain%=(SP-CP)/CP*100

         =((120%of 4x-3x)/3x)*100

         =((480x-300x)/300x)*100

         =180x/3x

         =60%