Varun purchased a calculator for 500 rupees and sold it to his friend at 560 rupees. Then his gain percent
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12% he gained percentage
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Varun purchased a calculator for 500 Rs. and sold it to his friend for Rs. 560. Find his gain percent.
Cost price (C.P) of calculator = 500 Rs.
Selling price (S.P) of calculator = 560 Rs.
Clearly, S.P. > C.P.
So, gain is incurred.
Now,
gain
= S.P - C.P
= 560 - 500
= 60
And, gain%
= gain / C.P × 100
= 60/560 × 100
= 6000/560
= 10.7% (approx)
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Thank you. ;-)
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