A shopkeeper bought a chair for rs 375 qnd sold it for rs 400. find the gain percentage
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The gain percentage is 6.25 %
Explanation:
Gain percentage is:
[(Sell price-purchase price)/Purchase price] x 100
= (400-375)/375 x 100 = 6.25 %
genious2000:
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Answered by
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Price of chair bought = ₹375
Selling price of chair = ₹400
Profit = ₹375 - ₹400
= ₹25
Profit % = profit/CP
= 25/375
= 5/73
= 6.84%
Hence, Profit percent is equal to 6.84%
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