Question

Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.

(1 Point)

5%

4%

6%

16.67%




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Answer 1

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Answer 2

Question :- Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.

A) 5%

B) 4%

C) 6%

D) 16.67%

Solution :-

Given that, Mohit bought a CD for Rs.750 . and sold the camera for Rs.875.

So,

→ Cost Price of CD = Rs.750

→ Selling Price of CD = Rs.875

So,

→ Profit earned by Nikhil = Selling Price - Cost Price

→ Profit = 875 - 750

→ Profit = Rs.125 .

Therefore,

→ Profit % = (Profit in Rs. * 100) / (Cost Price).

→ Profit % = (125 * 100) / (750)

→ Profit % = (125 * 10/75)

→ Profit % = (5 * 10/3)

→ Profit % = (50/3)

→ Profit % = 16.67 % . (Ans.)

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