a fan is sold for Rs.650 the gain is one-fourth of the cost price of the fan find the gain percent
a fan is sold for Rs.650 the gain is one-fourth of the cost price of the fan find the gain percent
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Define x :
Let x be the cost price
Find the gain:
Gain is 1/4 of the cost price
Gain = 0.25x
Find the gain percentage:
Gain percentage = ( 0.25x / x ) x 100
Gain percentage = 25%
Answer: The gain is 25%
Verified answer
Let profit be pthen cost price becomes 4p
gain percentage = (p/4p) x 100 = 25%