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Question
The cost price of an article is Rs. 1,200 and selling price is times of its cost price. Find:
(i) selling price of the article
(ii) profit or loss as a percent.
Solution
Cost price (C.P.) = Rs. 1200
∴ S.P. =`5/4` of C.P.
`= 5/4 xx 1200` = Rs. 1500
∴ Gain = S.P. - C.P.
= Rs. 1500 - Rs. 1200 = Rs. 300
∴ Gain % =`("gain" xx 100)/"C.P."`
`= (300 xx 100)/1200 = 25%`
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