Word Problem* 7
Problem 7: If an electric iron is sold for Rs 76, profit gain is 62% of the cost price. If sale price is set as Rs 74, what will be profit gain percentage ?
Solution:
Lets suppose
We are given
i-e
We know
Put values,
Shift ‘x’ terms to one side
So, Cost price is Rs 50
Now if we sale it for Rs 74
i-e
and we know
The Profit
We write again,
Put values
Know let suppose 24 is ‘y’ percent of CP
i-e
Leaving ‘y’ on one side and shift other terms other side, we grt
So , he will gain 48 % if he sales pen for 76 Rs.
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