Question

A machine is bought for Rs $3200$ and sold for Rs $3600$. Find the gain percent.

Answer 1

Given;

Cost price $=₨3200$

Selling price $=₨3600$

Since, $\mathrm{S}.\mathrm{P}.>\mathrm{C}.\mathrm{P}$, it will be a gain.

So, Gain = Selling price $-$ Cost price

Gain$=3600-3200=₨400$

Now,

Gain $\%$ $=\frac{\mathrm{Loss}}{\mathrm{C}.\mathrm{P}.}\times 100$

$$\begin{gathered} =\frac{400}{3200}\times 100 \\ =\frac{100}{8} \\ =12.5\% \end{gathered}$$

Hence, the gain is $12.5\%$.