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 ?
We are given
Shift ‘x’ terms to one side
So, Cost price is Rs 50
Now if we sale it for Rs 74
and we know
We write again,
Know let suppose 24 is ‘y’ percent of CP
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.