Aditi sold her scooter for ₹40620 gaining 1/5th of the selling price. Find the gain percentage.

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Accepted Answer

Let the selling price (SP) be ₹40620.

Given that gain = 1/5th of the selling price.
Gain = (1/5) × 40620 = ₹8124.

Cost Price (CP) = SP - Gain = 40620 - 8124 = ₹32496.

Gain percentage = (Gain / CP) × 100 = (8124 / 32496) × 100 = 25%.

Hence, the gain percentage is 25%.

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