# 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 ?**

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**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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