Question

Sameer purchased furniture worth rs. 45000 and paid rs. 2500 as transportation charges. he was transferred to another city within a month of buying furniture. therefore he sold it all to his neighbour for rs. 50000. Find his gain%

Answer 1

Answer:

The gain per cent of Sameer in the transaction is 5.26.

Step-by-step-explanation:

We have given that,

Purchase value of furniture = Rs. 45000

Transportation charges = Rs. 2500

Total cost price = Purchase value of furniture + Transportation charges

⇒ Total cost price = Rs. ( 45000 + 2500 )

⇒ Total cost price = Rs. 47500

The furniture was sold for Rs. 50000.

Selling price of furniture = Rs. 50000

We have to find the gain per cent.

Now, we know that,

Profit = Selling price - Cost price

⇒ Profit = Rs. ( 50000 - 47500 )

⇒ Profit = Rs. 2500

Now, we know that,

$\displaystyle{\pink{\sf\:Profit\:\%\:=\:\dfrac{Profit}{Cost\:price}\:\times\:100}\sf\:\quad\:-\:-\:-\:[\:Formula\:]}$

$\displaystyle{\implies\sf\:Profit\:\%\:=\:\dfrac{2500}{475\cancel{00}}\:\times\:1\cancel{00}}$

$\displaystyle{\implies\sf\:Profit\:\%\:=\:\cancel{\dfrac{2500}{475}}}$

$\displaystyle{\implies\sf\:Profit\:\%\:=\:\cancel{\dfrac{500}{95}}}$

$\displaystyle{\implies\sf\:Profit\:\%\:=\:\cancel{\dfrac{100}{19}}}$

$\displaystyle{\implies\sf\:Profit\:\%\:=\:5.263}$

$\displaystyle{\implies\underline{\boxed{\red{\sf\:Profit\:\%\:\approx\:5.26}}}}$

∴ The gain per cent in the transaction is 5.26.