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Clarification Needed

by harsh.champ » Wed Feb 17, 2010 4:35 am
I came across this question.I am confused by the term gain per cent.Clarification needed!!


An Electrician sells a room heater for Rs.332.getting 1/6th of its cost price.Find the gain per cent.

(A)12 2/3%
(B)13 2/3%
(C)14 2/3%
(D)15 2/3%
(E)16 2/3%
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by ajith » Wed Feb 17, 2010 5:25 am
harsh.champ wrote:I came across this question.I am confused by the term gain per cent.Clarification needed!!


An Electrician sells a room heater for Rs.332.getting 1/6th of its cost price.Find the gain per cent.

(A)12 2/3%
(B)13 2/3%
(C)14 2/3%
(D)15 2/3%
(E)16 2/3%
He must have meant profit %

7/6 th of cost price = 332

profit percentage = 332-(6/7*332)/(6/7*332)*100 = 1/7*100 = 14 2/7%
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by DeepthiRajan » Thu Feb 18, 2010 3:01 pm
ajith wrote:
harsh.champ wrote:I came across this question.I am confused by the term gain per cent.Clarification needed!!


An Electrician sells a room heater for Rs.332.getting 1/6th of its cost price.Find the gain per cent.

(A)12 2/3%
(B)13 2/3%
(C)14 2/3%
(D)15 2/3%
(E)16 2/3%
He must have meant profit %

7/6 th of cost price = 332

profit percentage = 332-(6/7*332)/(6/7*332)*100 = 1/7*100 = 14 2/7%
I got the answer as 1/6*100 which is (E). Not sure if its a mistake but I get this answer even after I checked it multiple times.
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by thephoenix » Thu Feb 18, 2010 10:49 pm
harsh.champ wrote:I came across this question.I am confused by the term gain per cent.Clarification needed!!


An Electrician sells a room heater for Rs.332.getting 1/6th of its cost price.Find the gain per cent.

(A)12 2/3%
(B)13 2/3%
(C)14 2/3%
(D)15 2/3%
(E)16 2/3%
IMO E
cost price=6*332
gain=332

gain %= 1/6 * 100=16 2/3
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by shashank.ism » Sun Feb 21, 2010 8:52 pm
harsh.champ wrote:I came across this question.I am confused by the term gain per cent.Clarification needed!!


An Electrician sells a room heater for Rs.332.getting 1/6th of its cost price.Find the gain per cent.

(A)12 2/3%
(B)13 2/3%
(C)14 2/3%
(D)15 2/3%
(E)16 2/3%
here I think profit is rs 332
cp= 332x6
so gain percent (is same as profit %) = 3332/332x6 =[spoiler]16 2/3 AnsE[/spoiler]
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by ashforgmat » Sun Feb 21, 2010 9:53 pm
THinking in simplere terms :-

1/6 is the gain then the CP = 1.

[spoiler]That means the %gain = % profit = ((1/6)/1) * 100 = 16 2/3 (E !)[/spoiler]
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by firdaus117 » Mon Feb 22, 2010 12:27 am
Hmm I believe that the selling price is an extra information here as it has already been given that his gain is 1/6th of CP.
Simply put,
Gain%= gain/CP * 100
=1/6 *100
=16(2/3) % :)
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