Question

16.) A man buys an article for Rs 27.50 and sells it
for Rs 28.60. Find his gain percent
​

Answer 1

Given

A man buys an article for Rs 27.50 and sells it for Rs 28.60.

We Find

Gain percentage of profit

We Know

☆ Profit = C.P. - S.P.

Profit = 28.60 - 27.50

Profit = Rs 1.10

So, profit of article is Rs 1.10

☆ $\sf \boxed {\red {Profit \: \% = \frac{Profit}{Cost \: price} \times 100}}$

According to the question

$\sf {Profit \: \% = \frac{Profit}{Cost \: price} \times 100}$

$\sf {Profit \: \% = \frac{1.10}{27.50} \times 100}$

$\sf {Profit \: \% = \frac{110}{27.50}}$

$\sf {Profit \: \% = \cancel\frac{110}{27.50}}$

$\sf {Profit \: \% = 3.98}$

$\sf \boxed{\red{Profit \: \% = 4}}$

Hence, Gain percent on article is 4 % ( Approximately ).

Answer 2

So we have C.P. = 27.50

S.P. = 28.60

Gain = 28.60 - 27.50 = Rs. 1.10

$\begin{aligned}</p><p>Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\</p><p>= \left( \frac{1.10}{27.50} * 100 \right)\% = 4\%</p><p>\end{aligned}$