Question

A tricycle has purchased for rs 1120 and sold for 1260 find the gain and gain percent

Answer 1

Answer:

Step-by-step explanation:

Cost price =1120

Selling price =1260

Profit= selling price -cost price

=1260-1120

=140

Profit%=140÷1120×100

=14000÷1120

=12.5%

Gain%=12.5%

Answer 2

Solution :

Cost price of a tricycle (c.p) = Rs1120

selling price of the tricycle (s.p) = Rs1260

S.P > C.P

Therefore ,

he gets profit .

Gain ( g ) = s.p - c.p

= Rs 1260 - Rs 1120

= Rs 140

Gain percentage = ( g × 100 )/c.p

= ( 140 × 100 )/1120

= 100/8

= 12.5 %

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