Shopkeeper buys an article at 8 for ₹16 and sells them at 9 for ₹20 what is his gain or loss percentage
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Answer:
Given:
Cost price = Rs. 16
Selling price=Rs. 20
To find = gain or loss percentage?
To find out this = Selling price - cost price
=(20-16)Rs.= Rs. 4
So, Gain price = Rs. 4
By using the formula :
∴ Gain percentage =[Gain price/cost price] ×100
= [4/16]×100
=[100/4]=25%
∴ His gain percentage is= 25% [Answer]
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