A dealer sold a camera for Rs. 1080 gaining of its cost price. Find (i) the cost price of the camera, and (ii) the gain per cent earned by the dealer.

Question

A dealer sold a camera for Rs. 1080 gaining

of its cost price. Find (i) the cost price of the camera, and (ii) the gain per cent earned by the dealer.

Philoid · Accepted Answer

(i) Let × be the CP of Camera.

SP of Camera = x + 1x/8 = 1080

× + x/8 = 1080

9x/8 = 1080

x= (1080 × 8) / 9

= 960.

So, the Cost Price (CP) of camera is Rs.960.

(ii) Gain = SP – CP

= 1080 – 960

= 120

= 12.5%