Question

A chair is bought for rs. 25 and sold for rs. 30. Find the gain percentage

Answer 1

Answer:

• Gain percentage = 16.66 %.

Step-by-step explanation:

Given:

• Cost Price of chair (CP) = ₹25
• Selling Price of chair (SP) = ₹30

To find:

• Gain %.

Here SP > CP, that means profit.

So, Profit = SP - CP

⇒ Profit = ₹30 - ₹25

⇒ Profit = ₹5

Now, we will calculate profit %.

$\longrightarrow \sf Profit\;\% = \dfrac{Profit\times 100}{CP}\\ \\ \\ \longrightarrow \sf Profit\;\%=\dfrac{5\times 100}{30}\\ \\ \\ \longrightarrow \sf Profit\;\%=\dfrac{500}{30}\\ \\ \\ \longrightarrow \sf Profit\;\%=16.66\%$

Hence, Gain percentage = 16.66 %.

#answerwithquality

#BAL