If the selling price of a TV set is equal to of its cost price, find the gain per cent.

Question

If the selling price of a TV set is equal to of its cost price, find the gain per cent. Hint. Let CP be x. Then, SP =Rs.

Philoid · Accepted Answer

Let × be the CP of TV Set

CP = x

SP = (x) × 6/5

= 6x/5

Gain = SP –CP

= 6x/5 – x

= x/5

= (x/5 × 100) / x

= 20%

So, If TV set is sold at 6/5 price of its CP. Then Gain percent will be 20%.