Question

A shopkeeper bought a chair for $Rs375$ and sold it for $Rs.400$ Find the gain percentage.

Answer 1

A shopkeeper bought a chair in $Rs.375$.

So, $C.P=Rs.375$

And he sold a chair in $Rs.400$

So, $S.P=Rs.400$

We know that

$Gain\left(\%\right)=\frac{S.P-C.P}{C.P}\times 100$

$Gain\left(\%\right)=\frac{400-375}{375}\times 100$

$Gain\left(\%\right)=\frac{25}{375}\times 100$

$Gain\left(\%\right)=6.667\%$

Hence, this is the answer.