Question

A man buys an article for Rs 27.50 and sells it for 28.60. Find the gain percent.
1. 1%
2. 2%
3. 3%
4. 4%

Answer 1

COST PRICE = 27.50
   SELLING PRICE = 28.60
       GAIN = SP - CP
                       = 28.60 - 27.50
                           = 1.1
GAIN% = GAIN / CP*100
               = 1.1/27.50*100
                 = 4%


∴THE MAN MAKES A PROFIT OF 4%

Answer 2

Given,

A man buys an article for Rs 27.50 and sells it for 28.60.

To Find,

The gain percent =?

Solution,

It is given to us that a man buys an article for Rs 27.50 and sells it for 28.60. We have to find the gain percent.

First, the profit will be equal to the cost price subtracted from the selling price.

$Profit = Selling\: price - Cost\: price$

$Selling\: price = Rs.\: 28.60\\Cost\: price = Rs.\: 27.50$

$Profit = 28.60 - 27.50 = Rs.\: 1.1$

Now, we will find the gain percent. We know,

$Gain\: percent = \frac{Profit}{Cost\: price} *100$

Substituting the values in the above formula,

$Gain\: percent = \frac{1.1}{27.50}*100$

                     $= 0.04*100$

                     $= 4$ %

Hence, the gain percent is 4%.