Question

A shopkeeper bought a chair for ₹450 and sold it for ₹ 500. Find the gain percentage.​

Answer 1

Answer:

A shopkeeper bought a chair in [ c.p ] =  450

And he sold a chair in Rs [s. p] = 500

We know that

Gain (%) = s.p - c.p  × 100

                     c.p

              = 500 - 450 × 100

                       450  

              =  50 × 100

                  450

           =  5000/ 450

         = 11.11111 percent

Step-by-step explanation: