Question

A tricycle was purchased for rupees 1120 and sold for rupees 1260. find the gain and gain percent.

Answer 1

hope it help full......

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Answer 2

Gain is ₹140 and Gain Percent is 12.5%

Step-by-step explanation:

GIVEN

Cost Price = ₹1120

Selling Price = ₹1260

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To Find

The gain and gain percent

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We know that,

Gain = Selling Price - Cost Price

Gain = 1260 - 1120

Gain = 140

Gain = ₹140

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Now,

Let's fond the gain percent

We know that,

Gain Percent = Gain × 100 / Cost Price

Gain Percent = 140 × 100 / 1120

Gain Percent = 14000 / 1120

Gain Percent = 12.5

Gain Percent = 12.5%

Gain is ₹140 and Gain Percent is 12.5%