Question

A shopkeeper bought rice at the rate of 825 per bag from the wholesaler. He paid 8 per bag as
transport charges. If he sells the rice at the rate of 1050 per bag, then what is his gain percent?

Answer 1

Step-by-step explanation:

Given:

Rate of the rice is ₹ 825 per bag.

He paid ₹ 8 as transport charges per bag.

He sells rice at a rate of ₹ 1050.

Solution:

Total cost of the bag =₹ 825 + ₹ 8 = ₹ 833.

Cost at which he sells = ₹ 1050.

Formula we will be using is of:

Gain percentage formula:

$= >formula \: = \frac{increase \: in \: number}{ \:cost \: price \: } \times 100$

Let's put the values.

1050-833 = 217

$\frac{217}{833} \times 100 = gain \: percent$

$\frac{21700}{833} = gain \: percent$

$26.05\% = gain \: percent$

: His gain percentage is 26.05 %

Answer 2

Answer:

C.P. of rice bag = 825₹

Transport charge = 8₹

Total C.P. = 825+8

833

S.P. = 1050

If SP is more than CP there is profit

Profit =

$sp - cp$

Profit = 1050-833

217₹

217*100/833

21700/833

26.05%