If the selling price of 16 water bottles is equal to the cost price of 17 water bottles, find the gain per cent earned by the dealer.

Question

Philoid · Accepted Answer

Let CP of 17 bottles = Rs.100.

CP of 17 bottles = SP of 16 bottles = Rs.100

SP of 17 bottles =

= Rs.106.25

Gain = SP – CP

= 106.25 – 100

= 6.25

= 6.25%