Question

The selling price of an air conditioner is equal to 4/3of it's cost price, find the gain percentage

Answer 1

Let Cost Price be 'x'

The selling price of an air conditioner is equal to 4/3of it's cost price

Selling Price = 4/3(x)

we know that ..

selling price = cost price + profit

4x/3= x + profit

4x/3 - x = profit

4x-3x/3 = profit

x/3 = profit

Profit Percentage = (profit/cost price) ×100 = ((x/3)/(x) ) ×100 = (1/3)×100=100/3 = 33.33%