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Meenu purchased an item for ₹ 800 and sold the same for ₹ 1000. The gain percentage is
  • a)
    25%
  • b)
    20%
  • c)
    40%
  • d)
    50%
Correct answer is option 'A'. Can you explain this answer?
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Meenu purchased an item for 800 and sold the same for 1000. The gain...
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Meenu purchased an item for 800 and sold the same for 1000. The gain...
Understanding Gain Percentage
To calculate the gain percentage, we need to know the cost price (CP) and the selling price (SP) of the item.
Given Values:
- Cost Price (CP) = 800
- Selling Price (SP) = 1000
Step 1: Calculate the Profit
The profit can be found using the formula:
Profit = Selling Price - Cost Price
- Profit = 1000 - 800
- Profit = 200
Step 2: Calculate Gain Percentage
The gain percentage is calculated using the formula:
Gain Percentage = (Profit / Cost Price) × 100
- Gain Percentage = (200 / 800) × 100
Step 3: Perform the Calculation
Now, let's compute the gain percentage:
- Gain Percentage = (0.25) × 100
- Gain Percentage = 25%
Conclusion
Meenu's gain percentage from the transaction is 25%. Therefore, the correct answer is option 'A'.
This calculation shows that for every 100 units of cost, Meenu earned 25 units as profit, highlighting a successful sale.
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Meenu purchased an item for 800 and sold the same for 1000. The gain percentage isa)25%b)20%c)40%d)50%Correct answer is option 'A'. Can you explain this answer?
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