Priya sold her scooter for ₹42564, gaining 1/6th of the selling price as profit. What is her gain percentage?

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Accepted Answer

Let the selling price (SP) = ₹42564. According to the question, the gain is one-sixth of the selling price.

So, Gain = 1/6 x 42564 = 7094

Cost Price (CP) = SP - Gain = 42564 - 7094 = 35470

Gain Percentage =20

Therefore, the gain percentage is 20%.

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