A seller buys 10 phone chargers for rs.800 and sells them at the rate of rs.100 per charger. His gain percent is (a) 0.25 (b) 0.2 (c) 0.3 (d) 0.15
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Answer: a) The gain percent is 25% or 0.25
Step-by-step explanation:
C.P. of 10 chargers = Rs. 800
S.P. of 1 charger = Rs. 100
So , S.P. of 10 chargers = 100 x 10 = Rs. 1000
As S.P. > C.P. therefore there is profit
Profit = S.P. - C.P. = Rs. 1000 - Rs. 800 = Rs. 200
Profit % =
Hence, the gain percent is 25% or 0.25
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