sunita sold her old toys for Rs. 3150 making a profit of 5%. What have been her gain percent, if she had sold the toys for Rs. 3500?
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Answer:
16.67% gain
Step-by-step explanation:
Selling Price = Rs.3150
Profit = 5%
=> (100+5)% of CP = SP
=> 105% of CP = 3150
=> 105/100 x CP = 3150
=> CP = 3150 x 20/21
=> CP = Rs.3000
New selling Price = Rs.3500
Profit = Rs.(3500-3000) = Rs.500
Profit % = 500/3000 x 100 = 50/3 % = 16.67%
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