Ramila bought a bicycle for Rs. 2000 and sold it for Rs. 2500. Find the gain percentage
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25% is the answer
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☞ Cost Price (CP) = Rs 2000
☞ Selling Price (SP) = Rs 2500
☞ Gain % = ?
As Selling Price (SP) > Cost Price (CP). So there is Gain in the transaction.
Gain Amount = Selling Price (SP) - Cost Price (CP)
⇒ Gain = Rs 2500 - Rs 2000
⇒ Gain = Rs 500
⇒ Gain % =
⇒ Gain % = 25%
∴ Ramila earns a Gain% of 25% in the transaction.
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