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Mohit sold a TV for Rs. 3600, gaining one-sixth of its selling price. What is the gain percent?

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20 %

22 %

23 %

25 %

answer is A.

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Detailed Solution

Given, Selling price = Rs. 3,600
Gain = one-sixth of selling price
Gain

= \frac{3, 600}{6} = Rs . 600

Cost price = Selling price – Gain

CP = 3, 600 - 600

Cp = Rs . 3000

Now, the gain percentage,
Gain

(%) = \frac{Gain}{C . P .} \times 100

Gain

(%) = \frac{600}{3, 000} \times 100

Gain

(%) = 20 %

Hence, option 1 is correct.

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