Question

PRACTICE EXERCISE 8.6
1. A shopkeeper bought a chair for 375 and sold it for 400. Find the gain percentage.​

Answer 1

Rs 25 will be the profit but the profit percent is 6.6percent

Answer 2

$\huge \sf Given :$

CP of chair = Rs 375

SP of chair = Rs 400

⠀ ⠀⠀ ⠀ ⠀⠀ ⠀

$\huge \sf To \: Find :$

Gain Percent

⠀ ⠀⠀ ⠀ ⠀⠀ ⠀

$\huge \sf Solution :$

To find Gain percentage, we have to find Gain.

We know that,

Gain = SP - CP

$\sf :\implies Gain=400-375$

$\sf :\implies Gain=Rs \: 25$

Now for Gain percentage, we have :

$\sf{Gain\:Percentage =\dfrac{Gain}{CP} \times 100 }$

$\sf{ :\implies Gain\:Percentage =\dfrac{25}{375} \times 100 }$

$\sf{ :\implies Gain\:Percentage = 0.066... \times 100 }$

$\sf{ :\implies Gain\:Percentage = 6.666...}$

$\sf{ :\implies Gain\:Percentage = 6.7 \% \: (approx.)}$

$\sf \color{fuchsia} \therefore \: Gain \: percentage = 6.7 \% \: (approx.)$