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Manjeet singh sold an article for ₹9000 ...

Manjeet singh sold an article for ₹9000 gaining 1/5 of its C.P. Find the gain %.

A

10%

B

22%

C

20%

D

25%

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the gain percentage when Manjeet Singh sold an article for ₹9000, gaining 1/5 of its cost price (C.P.). Here’s a step-by-step solution: ### Step 1: Understand the Given Information - Selling Price (SP) = ₹9000 - Gain = 1/5 of Cost Price (C.P.) ### Step 2: Set Up the Relationship Let the Cost Price (C.P.) be denoted as \( x \). According to the problem, the gain is given by: \[ \text{Gain} = \frac{1}{5} \times x \] ### Step 3: Express Selling Price in Terms of C.P. The Selling Price (SP) can also be expressed in terms of C.P. and Gain: \[ \text{SP} = \text{C.P.} + \text{Gain} \] Substituting the values we have: \[ 9000 = x + \frac{1}{5}x \] ### Step 4: Combine the Terms To combine the terms on the right side, we can express \( x \) as \( \frac{5}{5}x \): \[ 9000 = \frac{5}{5}x + \frac{1}{5}x = \frac{6}{5}x \] ### Step 5: Solve for C.P. Now, we can solve for \( x \): \[ 9000 = \frac{6}{5}x \] Multiplying both sides by \( \frac{5}{6} \): \[ x = 9000 \times \frac{5}{6} = 7500 \] So, the Cost Price (C.P.) is ₹7500. ### Step 6: Calculate the Gain Now that we have the C.P., we can calculate the Gain: \[ \text{Gain} = \frac{1}{5} \times 7500 = 1500 \] ### Step 7: Calculate the Gain Percentage The Gain Percentage can be calculated using the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{C.P.}} \right) \times 100 \] Substituting the values we have: \[ \text{Gain Percentage} = \left( \frac{1500}{7500} \right) \times 100 = 20\% \] ### Conclusion The gain percentage is 20%. ---
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