Mack bought an iron safe for$5580 and paid 170 for its transportation. Then he sold it for $6440. Find the gain percent earned by him.
Answers
Answered by
1
Step-by-step explanation:
cost price =5580 + 170 = 5750
selling price = 6440
selling price > cost price
so Profit exists
Profit = selling price - cost price
= 6640 - 5750
= 890
profit percentage
= (profit/cost price)×100
= (890/5750)×100
= 15.47%
Answered by
3
Answer:
12% gain
Step-by-step explanation:
Cost Price = $5580
Overhead charges = $170
Total C.P. = $5580+170 = $5750
Selling Price = $6440
Profit = $6440 - 5750 = $690
Profit % = 690/5750 × 100 = 12%
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