Question

When an electric iron is sold for Rs. 76, the gain is 52 percent. The gain, when it is sold for Rs. 74, is

Answer 1

The gain on electric iron is 48%.

Explanation:

Sold Price = 76 Rs

Gain = 52%

Cost Price = S.P x 100/(100+G)

      = 76 x 100/152 = 50 Rs

Cost Price = 50 Rs

Sold Price = 74 Rs

Gain = 24 Rs

G% = Gain /Cost Price x 100 = 24/50 x  100 = 48%

Hence gain on electric iron is 48%.

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