Question

Manjit bought an iron safe for Rupees 5580 and paid rupees hundred and seventy four its transportation he sold it 4 rupees 6440 find the gain percent earned by him?

Answer 1

CP of iron safe = Rupees 5580
Transportation = Rupees 170
Net CP = CP Of iron safe + overhead expenses
= 5580 + 170
= Rupees 5750
SP = 6440 Rupees
SP > CP
So , Gain
Gain = SP-CP
= 6440- 5750
= 690 Rupees
Profit % = Profit / CP *100
= 690\ 5750 * 100
= 12 %

Thus, the profit % 12 %