Question

Peter sold an article for $3600 gaining one sixth of its selling price. Find the cost price and the gain percent.

Answer 1

See the answers below

Explanation:

Given data

Cost of artilce= $3600

Gain= 1/6 of 3600

Hence the Gain is

=1/6*3600

=0.166*3600

=$600

The Gain Percent is

=600/3600*100

=0.1666*100

=16.66%