Question

Mohit sold a T.V. for ₹3,600; gaining one-sixth of its selling price. Find:

The gain percent

Answer 1

Step: Find gain percent

S.P. of the T.V. = Rs. 3,600

$\text{Total profit}=\frac{1}{6}\times 3600=Rs.600$

$\text{So, C.P. = S.P.}-\text{Profit}$

$C.P.=Rs.3,600-Rs.600=Rs.3,000$

$\text{Gain percentage}=\frac{Gain}{C.P.}\times 100\%$

$=Rs.\frac{600}{3000}\times 100\%$

$=20\%$

Hence, the gain percent is 20%.