Question

A man buys an article for 55rs and sells it for 63.80rs then his gain% or loss%​

Answer 1

gain equals 8.80 ₹ , so gain % = Gain/C.P. *100 = (8.80/55)*100= 8.80*20/11=16%

this is the answer

Answer 2

Given: A man buys an article for 55rs and sells it for 63.80rs.

To find: We have to find the gain or loss percentage.

Solution:

To determine the gain or loss percentage on the article we have to follow the below steps as follows-

The cost price of the article is 55 rupees and the selling price of the article is 63.80 rupees.

So, there is a gain in the article.

Thus, the gain percentage is given as-

$\frac{63.80 - 55}{55} \times 100 \\ \frac{8.8}{55} \times 100 \\ 0.16 \times 100 \\ 16$

Thus, the gain percentage on the article is 16%.