Question

A fan is sold for rupees 644.The gain is one sixth of the cost price of the fan. Find the profit percent.

Answer 1

Solution:- Let the C.P be rs x , Now gain = x / 6 We are given S.P= rs 644 So , we know that S.P = C.P + Profit Now we will plug the values in the formula 644 = x + x / 6 644 = (6x + x) / 6 644 * 6 = 6x + x 3864 = 7x x = 3864/ 7 x = rs 552. So, C.P = 552 ( because we supposed C.P = x) Now we will find gain = S.P - C.P = 644 - 552 = > 92 Now we will find Porfit % Profit % = Profit / C.P * 100 = 92 / 552 * 100 = 100 / 6 = > 16 . 6 % or 16 2 /3 % That would be the final answer.