Question

A BOOKSELLER BOUGHT A BOOK FOR rs15 AND SPENT rs5 ON ITS BINDING. HE SOLD IT FOR rs24 . FIND HIS GAIN PER CENT. please solve this question please and tell the way to solve profit and loss chapter and please tell where and when we fix formulas of profit and loss. first please solve question ​

Answer 1

Overall cost is ₹15+₹5=₹20

Sp is ₹24

Profit=₹4

Profit%=profit x 100/cp

4 x 100/20

Answer is 25%

Hope this helps you!

Answer 2

Rs 4 is gain as he is getting for 15 and binding cost Rs 5 so 15 +5=20. he sells for 24 so he got Rs 4 as gain