Question

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 ?​

Answer 1

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Manjit bought an iron safe for 12160 and paid 340 for its transportation. Then, he sold it for 12875. Find his gain percent.

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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%

Answer 2

Cost of the article Manoj bought = ₹ 11560

Additional expenses = ₹ 340

Total mony spend by Manoj = 11560+340

= 11900

Amount for which Manoj sold the article = ₹ 13328

Gain = 13328 - 11900 = 1,428

Therefore, gain percentage = Gain/Cost Price × 100

= 1428/ 11900 × 100

= 12 %