Siddhi sold her scooter for ₹24318 gaining 1/6th of the selling price. Find the gain percentage.

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Accepted Answer

Let the selling price (SP) be ₹24318.
Given gain = 1/6 of SP = (1/6) × 24318 = ₹4053.
Cost price (CP) = SP - Gain = 24318 - 4053 = ₹20265.
Gain percentage = (Gain / CP) × 100 = (4053 / 20265) × 100 = 20%.
Hence, the gain percentage is 20%.

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