Question

The question is about profit and loss,which the app does not have content of.The question which I had problem in understanding the reason behind is:-

If the selling price of a TV set is equal to 6/5 of its cost price, find the gain or loss per cent

(condition :CP = ₹x and SP = ₹6x/5

Answer 1

Let the cp be x.
SP = 6/5 of x
= 6x/5
Profit = SP - CP
= 6x/5- x
= x / 5
Profit percent = profit / cp * 100
= (x/5) / x *100
Ans.= 20%