Question

The cost price of 18 mangoes is same as selling price of 16 mangoes, find the gain percent.
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Answer 1

Answer:

12.5%

Step-by-step explanation:

Let the C.P of 1 mango be Rs.1

Thus,the C.P of 18 mangoes is Rs.18

According to the problem,

S.P of 16 mangoes=C.P of 18 mangoes

S.P of 16 mangoes=Rs.18

S.P of 1 mango=Rs.18/16

=Rs.1.125

Profit=Rs.(1.125-1)

=Rs.0.125

Profit%=Profit/C.P×100

=0.125/1×100

=12.5%