Stella buys an old book from her friend for Rs. 550. She spends Rs. 50 for binding the book. She then sells the book for Rs. 670. Find the gain or loss percent.
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Answer:
11.67% gain
Step-by-step explanation:
Cost Price (CP) of book = ₹550
Overheads = ₹50
Total CP = CP + Overheads = ₹550 + ₹50 = ₹600
Selling Price (SP) = ₹670
SP > CP,
Gain = SP - CP = ₹670 - ₹600 = ₹70
Gain percent = 70/600 × 100 = 11.67%
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