Question

Manjit bought an iron safe for ₹5580 and paid ₹ 170 for its transportation. then, he sold it ₹6440. find the gain per cent earned by him.​

Answer 1

Answer:

The gain percent earned by Manjit is 12℅.

Given,

Cost price(C.P)= Rs.5580

Transportation cost(T)= Rs. 170

Selling price( S.P) = Rs.6440

So the total cost for Manjit = C.P+ T = Rs 5580+170 = Rs. 5750

Now the profit earned is= S.P-C.P = Rs. 6440-5750 = Rs. 690

Therefore, gain % = (Gain/C.P)*100 = (690/5750)*100 = 12%.

So, Manjit earned 12% as profit.