Find the gain percentage, given that Anubha sold her scooter for ₹31524 gaining 1/6 th of the selling price.

Question

Accepted Answer

Let the selling price (SP) be ₹31524.

Given gain = 1/6 of SP = (1/6) × 31524 = ₹5254.

Cost price (CP) = SP - Gain = 31524 - 5254 = ₹26270.

Gain percentage = (Gain / CP) × 100 = (5254 / 26270) × 100 = 20%.

Hence, the gain percentage is 20%.

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