question_answer

A shopkeeper bought a chair for Rs 375 and sold it for Rs 400. Find the gain percentage.

Answer:

We have, C.P. of the chair = Rs 375 S.P. of the chair = Rs 400 Since S.P. > C.P, So, gain is given by Gain = S.P. ? C.P. = Rs (400 ? 375) = Rs 25 Now, Gain % =\[=\left( \frac{Gain}{C.P}\times 100 \right)%\] \[=\left( \frac{25}{375}\times 100 \right)%=\left( \frac{20}{3} \right)%\] \[=6\frac{2}{3}%\]