Question

A shopkeeper bought a chair for Rs.375 and sold it for Rs.400. FInd the grain percentage.

Answer 1

Answer:

Gain is 7%

Step-by-step explanation:

Given :

Bought the chair for = Rs. 375

Sold the chair for = Rs. 400

To find :

The gain percentage

Solution :

Selling Price = Rs. 400

Cost Price = Rs. 375

Selling price > Cost price

It is a Gain

✯

Gain = Rs. 25

✯

Gain % = 6.66 % (Approx)

The Gain % is 6.66 % (Approx).

Answer 2

Answer:

The Gain % is 6.66 % (Approx).

Explanation:

Given :

• Bought the chair for(CP) = Rs. 375

• Sold the chair for(SP) = Rs. 400

To find :

The gain percentage

Solution :

Selling Price = Rs. 400

Cost Price = Rs. 375

Selling price is greater than Cost price

So It’s a Gain.

Formula for finding Gain

$\bigstar\boxed{\sf{Gain=Selling\ Price -Cost\ Price}}$

$\implies \rm{Gain=\rm{Selling\ Price-Cost\ Price}$

$\implies\rm{Gain}= 400-375$

$\implies \rm{Gain}=25$

Formula for finding Gain%

$\bigstar{\boxed{\sf\:{Profit\%=\dfrac{Gain}{CP}\times100}}}$

$\implies \rm{Gain\%}=\dfrac{25}{375}\times 100$

$\implies\rm{Gain\%}=\dfrac{1}{15}\times 100$

$\implies\rm{Gain\%}=6.66\%\rm{(approx)}$

Hence, the gain percentage is 6.66(approx)