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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?
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)%.
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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
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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?
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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 2025 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 2025 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 2025 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 2025 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?.
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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
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