Question

A shopkeeper bought a chair for $Rs375$ and sold it for $Rs400$. Find the gain percentage.

Answer 1

Find the gain percentage:

As it is given that, A shopkeeper bought a chair for $Rs375$.

So, Cost price (C.P) = $Rs375$

Also, He sold it for $Rs400$

So, Selling Price (S.P) = $Rs400$

Now,

$$\begin{gathered} Gain\%=\frac{S.P-C.P}{C.P}\times 100\% \\ =\frac{400-375}{375}\times 100\% \\ =6.667\% \end{gathered}$$

Hence, the gain percent is $6.667\%$.