Question

Henry bought a calculator for Rs. 960 and sold it for Rs. 1104. Find his gain and gain percent.

Please provide a step-by-step answer

Answer 1

Answer:

Here we've to find the gain %

Henry bought it for Rs 960

and sold for Rs 1104

that is,a profit of 1104-960

=Rs 144

and now we've to find what % of 960 is 144, that's what the gain percentage in this case is

By using the formula

$\frac{144}{960} \times 100 \\ \frac{144}{96} \times 10 \\ \\ \frac{3}{2} \times 10 = \frac{30}{2} = 15\%$

Therefore the gain percentage is 15%

Hope it helps

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Answer 2

Answer: 15%

Step-by-step explanation:

Cost price = Rs. 960

Selling price = Rs . 1104

Profit earned = Sp - cp

=> 1104 - 960

=> Rs. 144

Percentage of gain = Gain / cp × 100

=> $\sf\dfrac{144}{960}\:\times\:100$

=> $\sf\dfrac{3}{2}\:\times\:10$

=> $\sf\dfrac{30}{2}\:=\:15$

=> 15 %