Question

A man buy a table for 200 and sells it at 420
Find it percentage gain ??​

Answer 1

Answer:

10%

Step-by-step explanation:

The man buys the table for 200 and sells it at 420.

So the amount of money he profits is 420-200 (selling price - cost price)

He profits: 220, So the profit made over buying the table and selling the table is 20, because he buys the table for 200 and makes 20 revenue. (Remember this)

To find the percentage gained from the sale, we use the formula

Profit gain percentage = Profit x 100/cost price

This gives us: 10%

To check: you can calculate 10% of 200 which will equal to 20, which is the profit gained.