Question

A dealer purchased a washing machine for Rs. 8760. He

sold it for Rs.11,000. How much was the gain percentage that

he obtained?​

Answer 1

$\rm{Gain\:Percent = (Selling\: Price - Cost \:Price)/Cost\: Price \times 100 \%}$

$\longrightarrow\rm{Gain\:Percent = (11,000 - 8,760)/8,760 \times 100 \%}$

$\longrightarrow\rm{Gain\:Percent = 2,240/8,760 \times 100 \%}$

$\longrightarrow\rm{Gain\:Percent = 2,24,000/8,760 \:\%=25.570\:\%}$