Question

A shopkeeper bought a chair for Rs.375 and sold it for Rs.400. Find the gain Percentage.

Answer 1

cost price of a chair = 375

selling price = 400

selling price > cost price

So Profit exists

Profit = selling price - cost price

= 400 - 375

= 25


Gain percentage= Profit/cost price

= (25/375)×100

= 6.66%

Answer 2

Greetings..!

Cost Price of chair = rs 375

Selling Price of chair = rs 400

Now,gain = (SP-C.P) = rs(400-375)=rs 25

Using formula for gain percent , = (Gain/C.P)*100= (25/375)*100=6.66%

Answer : Hence , gain percent = 6.66%