Question

A shopkeeper bought a table for Rs.375 and sold it for Rs.400, find his gain are loss percentage.

Answer 1

Answer:

A shopkeeper bought a chair in Rs.375.

So, C.P=Rs.375

And he sold a chair in Rs.400

So, S.P=Rs.400

We know that

Gain(%)=

C.P

S.P−C.P

×100

Gain(%)=

375

400−375

×100

Gain(%)=

375

25

×100

Gain(%)=6.667%

Hence, this is the answer.

Answer 2

Answer:

Answer=16.66%.

Step-by-step explanation:

C.P.=375

S.P.=400

PROFIT=400-375=25

PROFIT%=25/375x100

=5/75x100

=1/15x100

=50/3

=16.66%