Question

A shopkeeper bought a chair for 375 rupees and sold it for 400 rupees. find the gain percentage.

Answer 1

profit = 400 -375 = 25
Gain percentage = 25/400 * 100 = 6.25 %

Answer 2

Gain = ₹400 - ₹375 = ₹25

Percentage gain = (Gain/Cost price) × 100
= (₹25 / ₹400) × 100
= 6.25%