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On selling a jug for ₹ 144, a man loses1...

On selling a jug for ₹ 144, a man loses`1/7` of his outlay. If it is sold for ₹ 189, what is the gain%?

A

`12.5%`

B

`25%`

C

`30%`

D

`50%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first determine the cost price of the jug and then calculate the gain percentage when it is sold for ₹189. ### Step 1: Define the Cost Price Let the cost price (CP) of the jug be denoted as \( X \). ### Step 2: Calculate the Loss According to the problem, when the jug is sold for ₹144, the man incurs a loss of \( \frac{1}{7} \) of his cost price. Therefore, the loss can be expressed as: \[ \text{Loss} = \frac{1}{7} \times X \] ### Step 3: Relate Selling Price and Cost Price The selling price (SP) when sold at a loss is given by: \[ \text{SP} = \text{CP} - \text{Loss} \] Substituting the values we have: \[ 144 = X - \frac{1}{7}X \] ### Step 4: Simplify the Equation To simplify the equation, we can express \( X - \frac{1}{7}X \) as: \[ X - \frac{1}{7}X = \frac{7}{7}X - \frac{1}{7}X = \frac{6}{7}X \] Thus, we have: \[ 144 = \frac{6}{7}X \] ### Step 5: Solve for Cost Price Now, we can solve for \( X \): \[ X = 144 \times \frac{7}{6} \] Calculating this gives: \[ X = 144 \times \frac{7}{6} = 144 \times 1.1667 = 168 \] So, the cost price \( X \) is ₹168. ### Step 6: Calculate Gain When Sold for ₹189 Now, we need to find the gain when the jug is sold for ₹189. The gain can be calculated as: \[ \text{Gain} = \text{SP} - \text{CP} = 189 - 168 = 21 \] ### Step 7: Calculate Gain Percentage The gain percentage is calculated using the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100 \] Substituting the values we have: \[ \text{Gain Percentage} = \left( \frac{21}{168} \right) \times 100 \] Calculating this gives: \[ \text{Gain Percentage} = 0.125 \times 100 = 12.5\% \] ### Final Answer The gain percentage when the jug is sold for ₹189 is **12.5%**.
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