Question

Mike bought a DVD for $ 750 and sold it for $ 875. Find Mike's gain per cent ?​

Answer 1

Answer:

. your answer is here !

Step-by-step explanation:

CP = $ 750 and SP = $ 875.

Since (SP) > (CP), Mike makes a gain.

Gain = $ (875 - 750)

= $ 125.

Gain% = {(gain/CP) × 100} %

= {(125/750) × 100} %

= (50/3) %

= 16 (2/3) %

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Answer 2

Step-by-step explanation:

Cost price = 750

Selling price = 875

Profit = Sp - Cp

Profit = 875 - 750

Profit = 125

Profit% = (profit/Cp ) × 100

Profit% = (125/750)×100

Profit% = 0.166 × 100

Profit% = 16.6%

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