Question

a shopkeeper bought a chair for Rs 375 and sold it for Rs 400 find the gain percentage

Answer 1

the correct answer is 6.66%

Answer 2

Given :

CP of chair= Rs 375

SP of chair =Rs 400

To Find :

Gain Percent

Solution :

To find Gain percentage, we have to find Gain.

We know that,

Gain = SP - CP

$\sf :\implies Gain=400-375$

$\sf :\implies Gain=Rs \: 25$

Now for Gain percentage, we have :

$\sf{Gain\:Percentage =\dfrac{Gain}{CP} \times 100 }$

$\sf{ :\implies Gain\:Percentage =\dfrac{25}{375} \times 100 }$

$\sf{ :\implies Gain\:Percentage = 0.066... \times 100 }$

$\sf{ :\implies Gain\:Percentage = 6.666...}$

$\sf{ :\implies Gain\:Percentage = 6.7 \% \: (approx.)}$

$\sf \color{fuchsia} \therefore \: Gain \: percentage = 6.7 \% \: (approx.)$