A man buys an article for Rs. 27 50 and sells it for Rs. 28.60. Find his gain percent?
- 2
- 3
- 4
- 5
Explanation
Cost Price (CP) = Rs. 27.50
Selling Price (SP) = Rs. 28.60
Gain = SP - CP = 28.60 - 27.50 = Rs. 1.10
Gain % = (Gain / CP) × 100
= (1.10 / 27.50) × 100
= 4%
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