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.

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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.

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5.45%

5.35%

6.25%

62.5%

answer is C.

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Detailed Solution

Concept- In this question, we will use

Let us consider that the cost price of 1 water bottle is x.
Cost price of 17 water bottles

It is given that

From the above, we have displayed that the C.P. of 17 water bottles is equal to 17x.

Then,

Now we will find the gain percent.
Question Image

By putting these values in the gain percent formula, we get
Question Image

Hence, the correct answer is option 3.

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