Question

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

Answer 1

the answer is 12%gain

Answer 2

Answer:

Gain percentage is 12% .

Step-by-step explanation:

Formula

$Gain\ percentage = \frac{Gain\times 100}{Cost\ price}$

As given

Manjit bought an iron safe for Rs 5580 and paid rupees 170 for its transportation then he sold it for rupees 6440 .

Total cost price of the iron safe = cost of the iron safe + Transportation cost

                                                     = 5580 + 170

                                                     = Rs 5750

Selling price of the iron safe = Rs 6440

Gain = Selling price - Cost price

        = Rs 6440 - Rs 5750

Gain = Rs 690

Put all the values in the formula

$Gain\ percentage = \frac{690\times 100}{5750}$

$Gain\ percentage = \frac{69000}{5750}$

Gain percentage = 12%

Therefore the gain percentage is 12% .