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If the selling price of 16 water bottles is equal to the cost price of 17 water bottles, find the gain percent earned by the dealer.

1 Answer

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Best answer

Let us consider the CP of 17 water bottles = ₹100

∴ The CP of 17 water bottles = SP of 16 water bottles = ₹100

SP of 17 water bottles = (100/16) × 17 = ₹106.25

Since, SP is more than CP so it’s a gain.

Gain = SP – CP = 106.25 – 100 = ₹6.25

Gain % = (Gain × 100) / CP

= (6.25 × 100) / 100

= 6.25%

∴ The Gain percent is 6.25%

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