Question

if a shopkeeper bought a chair of Rs 300 and sold it at Rs 400 then what will be his gain percentage ​

Answer 1

Answer:

A shopkeeper bought a chair in Rs.375.

So, C.P=Rs.375

And he sold a chair in Rs.400

So, S.P=Rs.400

We know that

Gain(%)=

C.P

S.P−C.P

×100

Gain(%)=

375

400−375

×100

Gain(%)=

375

25

×100

Gain(%)=6.667%

Answer 2

Answer:

33.33%

Step-by-step explanation:

A shopkeeper bought a chair in Rs.300

So, C.P=Rs.300

And he sold a chair in Rs.400

So, S.P=Rs.400

We know that

Gain(%) = S.P−C.P × 100

—————

C.P

Gain(%) = 400−300 × 100

——––––—

300

Gain(%) = 100 × 100

———

300

Gain(%) = 33.33