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A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent
- a)1%
- b)2%
- c)3%
- d)4%
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find hi...
So we have C.P. = 27.50
S.P. = 28.60
Gain = 28.60 - 27.50 = Rs. 1.10
Gain%=(GainCost*100)%=(1.1027.50*100)%=4%
S.P. = 28.60
Gain = 28.60 - 27.50 = Rs. 1.10
Gain%=(GainCost*100)%=(1.1027.50*100)%=4%
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A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find hi...
Calculation of Gain Percentage
To calculate the gain percentage, we can use the formula:
Gain Percentage = (Selling Price - Cost Price) / Cost Price x 100
Given Data
Cost Price = Rs. 27.50
Selling Price = Rs. 28.60
Calculation
Cost Price = Rs. 27.50
Selling Price = Rs. 28.60
Gain = Selling Price - Cost Price
Gain = Rs. 28.60 - Rs. 27.50
Gain = Rs. 1.10
Gain Percentage = (1.10 / 27.50) x 100
Gain Percentage = 0.04 x 100
Gain Percentage = 4%
Therefore, the man's gain percentage is 4%, which corresponds to option 'D'.
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A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percenta)1%b)2%c)3%d)4%Correct answer is option 'D'. Can you explain this answer?
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