Question

Sudhir bought an almirah for RS 13600 and spent RS 400 on its transportation . He sold it for RS 16800 . find the his gain percent
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Answer 1

Answer:

His gain percent is 20%

Step-by-step explanation:

In this question, we want to find the percentage gain of the business.

We need the following parameters;

The cost price which is the sum of the amount she bought the goods + the amount spent on transport

Using the values we have in the question;

The cost price will be;

13,600 + 400 = Rs 14,000

The selling price = Rs 16,800

Mathematically the percentage gain will be;

% gain = (selling price- cost price)/selling price * 100%

% gain = (16,800-14,000)/14,000 * 100/1

% gain = 2800/14,000 * 100/1 = 1/5 * 100/1 = 20%