Question

1. A shopkeeper bought a chair for 375 and sold it for 400. Find the gain Percentage.

Answer 1

Answer:

16%

Step-by-step explanation:

375 x 100 = 16%

----

400

Answer 2

Answer:

6.67%

Given:

• CP of a chair = ₹ 375
• SP of the chair = ₹ 400

To Find:

• Percentage of gain/profit

Solution:

[ To find the percentage of profit, first we need to find the total profit ]

$\boxed{\underline{\rm{Profit=SP-CP}}}$

Profit = ₹400 - ₹375

Profit = ₹25

[ To find the percentage of profit, we need to find the profit as a part/ fraction of the cost price of the the chair, then we need to make the denominator 100 ]

$\boxed{\underline{\rm{Profit\% = \dfrac{Profit}{CP} \times 100 }}}$

$\rm \implies \dfrac{ Rs\:25}{Rs\:375} \times 100$

$\rm \implies \dfrac{1}{15} \times 100$

$\rm \implies 6.{\overline{6}}\%$

The percentage of gain is 6.67% ( approx)