SOLUTION: A contractor hoping to construct a road for Rs. 20000 quotes a price (30%) higher.But due to rain the cost price increases by 4%. The gain percent will be-
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Question 824031: A contractor hoping to construct a road for Rs. 20000 quotes a price (30%) higher.But due to rain the cost price increases by 4%. The gain percent will be- Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! If I'm reading it right, the road is costing the
contractor Rs 20000, and is asking
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I'm assuming that the contractor must
stand by the quote, so only the cost changes.
Cost =
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The fraction of the gain is:
The % gain is: = 25%
