A man buys an article for rs. 27.50 andsells it for rs. 28.60. Find his gain percent.
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Cost price = 27.50
selling Price= 28.60
Selling Price > Cost price
So..Profit exists
Profit /Gain = selling Price - Cost price
= 28.60 - 27.50
=1.10
Gain Percentage= (Gain / cost price)×100
= (1.10 /27.50)×100
= 110/27.50
=4%
selling Price= 28.60
Selling Price > Cost price
So..Profit exists
Profit /Gain = selling Price - Cost price
= 28.60 - 27.50
=1.10
Gain Percentage= (Gain / cost price)×100
= (1.10 /27.50)×100
= 110/27.50
=4%
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