Question

A shopkeeper bought a suitcase for 480 sold it for 600 for 600 gain percent

Answer 1

Step-by-step explanation:

Given,

CP=480

SP=600

then to find the gain percent

SP-CP=600-480=120

using the formula P%=P/CP×100

substituting the value,

120/480×100=4.16%

therefore the required answer is 4.16%