Question

A tricycle was purchased for Rs 1120 and sold for Rs.1260. find the gain and gain%.

Answer 1

Hi ! Your answer follows :

C.P of tricycle = Rs 1120

S.P of tricycle = Rs 1260

As S.P > C.P , it is a gain .

Now,gain = S.P - C.P = 1260 - 1120 = Rs 140

Now, that we have the gain made, we can find the gain percent by using the following formula :

Gain percent = Gain ÷ C.P × 100 = 140 ÷ 1120 × 100 = 12.5 %

Hence , answer : Gain percent = 12.5%

Answer 2

✬ Gain % = 12.5 % ✬

Step-by-step explanation:

Given:

• Cost price of tricycle is Rs 1120.
• Selling Price of tricycle is Rs 1260.

To Find:

• What is tha gain percent?

Solution: On comparing both Cost Price and Selling Price we get

• S.P > C.P ( Here is a profit)

★ Profit = Selling Price – Cost Price ★

$\small\implies{\sf }$ Profit = 1260 – 1120

$\small\implies{\sf }$ Profit = Rs 140.

Hence, The profit is Rs 140

∴ Profit % = Profit / Cost Price x 100

$\small\implies{\sf }$ Profit % = 140/1120 x 100

$\small\implies{\sf }$ Profit % = 14000/1120

$\small\implies{\sf }$ Profit % = 12.5 %

Hence, The gain percent is 12.5 %.