Question

A shopkeeper bought a table for rs 425 and sold at rs 500. find the gain percentage

Answer 1

Answer:

Step-by-step explanation:

Cost price of the table (C.P.) = Rs. 425

Selling Price of the table (S.P.) = Rs. 500;

Profit or Gain = Selling Price - Cost Price;

Gain = 500-425 = Rs. 75;

By using the formula of Gain;

Gain in percent = $(\frac{Gain}{Cost Price} )$ * 100;

Gain in percent = $(\frac{75}{425} ) * 100$;

By solving this we get;

Gain = 17.6%