Question

A man buys an article for rs240 and sells it for rs 288 . Find his gain percent

Answer 1

Given :

• Man buys an article for rs240 and sells it for rs 288 .

To find :

• Gain Percent

Solution :

CP = Rs 240 , SP = 288

Gain = 288 - 240 = Rs 48

and

$Gain = \frac{Gain}{C.P} \times 100$

$\frac{48}{240} \times 100 = 20$

Hence , the gain percent is 20% .

Answer 2

Concept used

Here the concept of gain and gain percent is used. We will find the gain by subtracting cost price from selling price. Then by applying the gain%formula we will get the desired result.

Given

• selling price= Rs. 288
• cost price = Rs. 240

To find

• Gain percentage

Formula used

$\bigstar \bold{ Gain = selling \: price - cost \: price }$

$\bigstar \bold{Gain\% = \frac{Gain}{cost \: price}×100\%}$

Solution

$\sf{ \implies Profit = selling \: price - cost \: price} \\ \\ \sf{ \implies Profit = 288 -240} \\ \\ \sf{ \implies \red{Profit = Rs. 48}}$

Now we will find the gain %

$\sf{ \implies Gain\%= \frac{Gain}{cost \: price}×100\%}\\ \\ \sf{\implies Gain\%= \frac{48}{240}×100\%}\\ \\ \sf{ \implies Gain\%= 0.2 ×100\%} \\ \\ \sf{ \implies \green{Gain\%= 20\%}}$

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More to know !!

$\sf{⇝Loss = Cost \: Price \: – \: Selling \: Price}$

$\sf{⇝Loss \: percentage = \frac{Loss}{Cost \: price}x 100\%}$

$\sf{⇝ Discount = MP – SP}$

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