Question

Manjit bought an iron safe for ₹12160 and paid ₹340 for its transportation. Then ,he sold it for ₹12875. Find the gain per cent

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Answer 1

Step-by-step explanation:

340. We are given a selling price SP as Rs. 12875. We find the gain amount Gain=SP−CP and the percent gain using the formula %Gain=GainCP×100.

Answer 2

Answer:  The Gain percent is 3%

Step-by-step explanation:

Lets solve by using,

the total cost of iron safe = purchase cost + transportation

               

                                         =12160+340=12500

CP of iron safe=12500

SP of iron safe=12875

Since, SP is more than CP so it's a gain.

Gain=SP−CP=12875−12500=375

Gain%=(Gain×100)/CP

       

   =(375×100)/12500

   =3%

∴ The Gain percent is 3%