Question
Download Solution PDFA table is bought for Rs. 2450 and sold for Rs. 2940. The gain percent is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
Cost price = Rs. 2450
Selling price = Rs. 2940
Formula used:
Gain percent = [(Selling Price - Cost Price)/Cost Price] × 100
Solution:
⇒ Gain = Selling Price - Cost Price = Rs. 2940 - Rs. 2450 = Rs. 490
⇒ Gain percent = (Gain/Cost Price) × 100 = (490/2450) × 100
Therefore, the gain percent is 0.2 or 20%
Last updated on May 28, 2025
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