Manoj bought an article for Rs 11560 and spent Rs 340 on its transportation. He sold it for Rs 13328 then find his gain percent?
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Answer:
12.35%
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Given - Cost price and selling price
Find - Gain percentage
Solution - Gain percentage is 12%.
Cost price = price of buying + transportation price
Cost price = 11560 + 340
Performing addition
Cost price = 11900
Gain = Selling price - cost price
Gain = 13328 - 11900
Performing subtraction
Gain = Rupees 1428
Gain percent = gain/cost price*100
Gain percent = 1428/11900*100
Performing multiplication and division
Gain percent = 12%
So, the gain percent on article is 12%.
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