Question

A man buy an article for 27.50 and sells it for 28.60 what is the gain pecent

Answer 1

cost price of article=27.50

selling price of the article=28.60

gain on article=28.60-27.50=01.10

gainpercent =gain*100/cp

gain percent of article=(1.10*100/27.50)%

                                      =(110/27.50)%

                                     =(11000/2750)%

                                     =(1100/275)%

                                     =(100/25)%

                                     =4%

therefore that man gained 4% on the article

Answer 2

C.P of article=₹27.50
S.P of article =₹28.60

Profit= S.P - C.P
Profit(gain)=28.60-27.50
Profit=₹1.10
Profit%=Profit×100/C.P
Profit%= 1.10×100%/27.50
Profit%=1.81%