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Question 65

Manjeet singh sold an article for ₹9000 gaining 1/5 of its C.P. Find the gain %.

Solution

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Manjeet Singh sold an article for ₹9000 

Let CP be cost price

Profit $$=\frac{1}{5} \times CP =0.2CP$$

Now Profit percentage is product of Profit and 100 by CP.

Profit percentage $$= \frac{ Profit}{CP} \times 100 $$

Profit percentage $$=\frac {0.2CP}{CP}\times100 $$

Profit percentage = 20 %
Option C ic correct

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