Question

Ram purchase a mobile phone for 11500 rs and spent 3000 rs on repair . Then he sold the mobile phone for 17400 rs .Find his gain percent in this transaction​

Answer 1

Answer:

20%

Step-by-step explanation:

Given,

Purchase Price = Rs11500

Repair cost= Rs3000

Total Cost price= Rs 11500+3000=Rs 14500

Selling price(S.P)= Rs 17400

Gain percentage=?

As we know,

Gain percent=[(SP-CP)/CP] ×100%

=[(17400-14500)/14500]×100%

=[2900/14500]×100%

=(1/5)×100%

=20%

therefore,his gain percentage on this transaction is 20%