Question

jack gains 60 paise on rs.60. what is the gain percentage

Answer 1

Gain is 60 paisa

which means it will be 60/ 100

So the gain is 0.6 when we divide 60 by 100

The base value is 60 

So the gain percent will be = 0.6/60 x 100 % = 1%

The answer is 1%

Answer 2

Solution :-

Gain = 60 paise or Rs. 0.60 
This gain is on cost price of Rs. 60

So,
Gain Percent = (Gain*100)/Cost Price
= (0.60*100)/60
= 1 %
The gain is 1 %
Answer.