A man buys 10 pencils for Rs 10 and sells 10 pencils for Rs. 11. Find his gain percent
Answers
Step-by-step explanation:
Cost price of one pencil=10/10=rs1
Selling price of one pencil=11/10=rs1.1
Profit=1.1-1=0.1rs
Profit Percentage=0.1/1×100=10%
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Answer:
11.Percentage gain means to express the profit or the gain in the form of percentages. This way makes it easier and faster for a person to understand the variables or the vitals of a business transaction. Sometimes it is useful to find the increase or decrease of an amount. It can also be useful to find the percentage increase or decrease, which is called profit and loss. In the following section, we will see what we mean by the Percentage Gain, we will state the formula for this and then proceed on to the application of this formula. Let us begin with a formal introduction to the topic.
