Class 7 Exam > Class 7 Questions > Mohit bought a CD for Rs. 750 and sold it Rs....
Start Learning for Free
Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.
- a)Gain of 20%
- b)Gain of 30%
- c)Gain of 25%
- d)Gain of (50/3)%
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or lo...
Calculation of Gain or Loss Percent
To calculate the gain or loss percent, the formula used is:
Gain or Loss percent = (Profit or Loss / Cost price) x 100
Given, Mohit bought a CD for Rs. 750 and sold it for Rs. 875.
Profit earned by Mohit = Selling price - Cost price
Profit earned by Mohit = Rs. 875 - Rs. 750 = Rs. 125
Now, substituting the values in the formula, we get:
Gain percent = (Profit / Cost price) x 100
Gain percent = (125 / 750) x 100
Gain percent = 16.67%
Therefore, the gain percent earned by Mohit is 16.67%. However, this answer is not given in the options.
Finding the Correct Option
To find the correct option, we need to convert the gain percent to a fraction and simplify it.
Gain percent = 16.67%
Gain fraction = 16.67 / 100
Gain fraction = 1 / 6
Now, we need to simplify the fraction to see if it matches any of the options.
1 / 6 = 50 / 300 = 50 / 3 x 100 / 100
Therefore, the gain percent can be written as 50/3%.
Hence, the correct option is (D) Gain of (50/3)%.
To calculate the gain or loss percent, the formula used is:
Gain or Loss percent = (Profit or Loss / Cost price) x 100
Given, Mohit bought a CD for Rs. 750 and sold it for Rs. 875.
Profit earned by Mohit = Selling price - Cost price
Profit earned by Mohit = Rs. 875 - Rs. 750 = Rs. 125
Now, substituting the values in the formula, we get:
Gain percent = (Profit / Cost price) x 100
Gain percent = (125 / 750) x 100
Gain percent = 16.67%
Therefore, the gain percent earned by Mohit is 16.67%. However, this answer is not given in the options.
Finding the Correct Option
To find the correct option, we need to convert the gain percent to a fraction and simplify it.
Gain percent = 16.67%
Gain fraction = 16.67 / 100
Gain fraction = 1 / 6
Now, we need to simplify the fraction to see if it matches any of the options.
1 / 6 = 50 / 300 = 50 / 3 x 100 / 100
Therefore, the gain percent can be written as 50/3%.
Hence, the correct option is (D) Gain of (50/3)%.
Free Test
FREE
| Start Free Test |
Community Answer
Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or lo...
Formula of gain=amount multiply by100 upon cost price amount= cost price minus selling price
875-750=125
125 multiply 100upon 750 so the answer is=50/3
875-750=125
125 multiply 100upon 750 so the answer is=50/3
Attention Class 7 Students!
To make sure you are not studying endlessly, EduRev has designed Class 7 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 7.
|
Explore Courses for Class 7 exam
|
|
Top Courses for Class 7View all
Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer?
Question Description
Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer?.
Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer?.
Solutions for Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 7.
Download more important topics, notes, lectures and mock test series for Class 7 Exam by signing up for free.
Here you can find the meaning of Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Mohit bought a CD for Rs. 750 and sold it Rs. 875. Find his gain or loss percent.a)Gain of 20%b)Gain of 30%c)Gain of 25%d)Gain of (50/3)%Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 7 tests.
|
|
Explore Courses for Class 7 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup