Question

A man buys a toy for Rs. 145 and sells it for 162.40. Find his gain percent.<br />(A) 10%<br />(B) 11%<br />(C) 12%<br />​(D) 13%​

Answer 1

Solution :-

Given : A man buys a toy for Rs. 145 and sells it for Rs 162.40.

We know that,

Gain = SP - CP

= Rs (162.40 - 145)

= Rs 17.40

Gain percent = (Gain × 100)/CP %

= (17.40 × 100)/145 %

= 1740/145 %

= 12 %

Hence,

Answer : 12%