A wholesale businessman bought a watch for ₹ 460 and he spent ₹ 40 for its repair then he sold it for ₹ 550. what is his gain percentage ?
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Answer:
Step-by-step explanation:
Total Cp - ₹460+ ₹40 = ₹500
Total Sp - ₹550
Gain - Sp-cp
₹550-₹500 = ₹50
Gain% = Gain÷cp ×100
₹50÷500×100
Gain%= 10%
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