Question

A man buys an article for Rs. 27.50 and sells it for Rs. 28.60. Find his gain percent.​

Answer 1

We have C.P = Rs. 27.50, S.P = Rs. 28.60

Gain = S.P. − C.P.

=28.60−27.50

= Rs. 1.10

Therefore, gain %= 1.10/27.50 ×100=4%

Answer = 4%

Answer 2

$\sf \Large Solution!!$

CP = Rs 27.50

SP = Rs 28.60

SP>CP

Profit = SP - CP

Profit = Rs 28.60 - Rs 27.50

Profit = Rs 1.10

Profit % = $\sf \dfrac{Profit}{CP}\times 100$

Profit % = $\sf \dfrac{1.10}{27.50}\times 100$

Profit % = 4%

CP → Cost Price

SP → Selling Price