Question

Manjit+bought+an+iron+safe+for+12160+and+paid+340+for+its+transportation.+Then,+he+sold+it+for+12875.+Find+his+gain+percent

Answer 1

total cost of an iron safe+purchase cost+transportation.

=12160+340

= 12500

cost price (cp ) of an iron safe = rs 12500

sold price (sp) of an iron safe = rs 12875

Gain on sell =sp - cp

=12875- 12500

=375

Gain percent

gain % = gain ×100\cp

375× 100 \12500

=3%

so, gain percent on iron safe is 3%

Answer 2

Solution :-

CP of the iron safe = ₹12,160

Money spent on transportation = ₹340

Total CP = ₹12,160 + ₹340 = ₹12,500

SP of the iron safe = ₹12,875

Profit = SP − CP = ₹12,875 − ₹12,500 = ₹375

∴ Profit% =

$\large\frac{Profit}{CP}$×100% =

$\large\frac{375}{12500}$×100% = 3%