Question

4. Manish bought an iron safe for 5580 and paid * 170 for its transportation. Then, he sold it for
6440. Find the gain per cent earned by him.​

Answer 1

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Cost Price of Iron Safe = Rs 5580

Transportation Charge = Rs 170

Actual Cost Price = Rs 5580 + Rs 170

Actual Cost Price = Rs 5750

Selling Price of Article = Rs 6440

Here,

S.P is greater than C.P So he creates A Gain

Gain = S.P - C.P

Gain = Rs 6440 - Rs 5750

Gain = Rs 690

Gain % = Gain/ C.P × 100

Gain % = 690 / 5750 × 100

Gain % =12%

Answer 2

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Manish bought an iron safe for ₹5580 and paid ₹170 for transportation.

•°• Cost price = ₹ 5580

Paid ₹170 for transportation,

•°• total CP = Cost price + Cost of transportation

Total CP = 5580 + 170

Total CP = ₹ 5750

He sold the iron safe for ₹6440

•°•Selling Price = ₹6440

As the selling price of the iron safe is greater than the cost price, Manish's trasnsaction gained him a profit.

Profit = Selling Price - Cost Price

Profit = 6440 - 5750

Profit = ₹690

Manish earned a profit of ₹690 in this deal.

Now we have to calculate the gain percentage earned by him in this transaction.

Gain percentage = $\bf\large\frac{Profit}{Cost\:price}$ × 100

Gain percentage = $\bf\large\frac{690}{5780}$ × 100

Gain percentage = 0.12 × 100

•°•Gain percentage = 12%

$\bf{\large{\boxed{\rm{\blue{Manish\:gained \:a\:profit\:of\:12\: percent\:in\:this\:transaction}}}}}$