Question

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

Answer 1

C.P of chair for shopkeeper $=Rs.375$

S.P of Chair for shopkeeper $=Rs.400$

Profit $=$ S.P $-$ C.P $=Rs.(400-375)=Rs.25$

Profit $\%=\frac{Profit}{C.P}\times 100=\frac{25}{375}\times 100=6.67\%$