Mauli purchased a designer saree from Mumbai on 8/9th of its MRP, When she came back to Delhi, her neighbor coaxed Mauli to sell the saree to her. She was even ready to pay 9% more than its MRP. What would Mauli’s gain percentage be, If she decides to sell the saree to her neighbor?
Answer:
Let x be the MRP of the saree.
Amount Mauli paid (cost price) = (8/9)x
Amount neighbour will pay for saree (selling price) = x+0.09x = 1.09x
Gain = 1.09x – (8/9)x = 1.81x
Selling price = (100+gain%)cost price/100
1.09x = (100 + gain %)(8/9)x/100
109 = (100 + gain %)(8/9)
981 = 800 + 8 gain%
gain% = 181/8
= 22.625%
Mauli purchased a designer saree from Mumbai
Read more: Why is the situation in troposphere defined as unstable