A shopkeeper bought a chair for Rupees £3. 75 and sold it for rupees 400 then find the gain percentage
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Cost price of the chair = 3.75 pound = 375 rs (1 pound = 100 rs)
Selling price = 400 Rs.
gain = 400 - 375 = 25
gain % = (gain / c p ) x 100
= (25 / 375) x 100
= 6.67%
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