Question

Amit bought a calculator for $₹960$ and sold it for $₹1104$. Find his gain and gain percent.

Answer 1

The cost price of calculator is $₹960$

The selling price of the calculator is $₹1104$

the selling price is greater than the cost price, so, Amit earns a profit.

Gain $=$ Selling price $-$ cost price

$$\begin{gathered} =₹1104-₹960 \\ =₹144 \end{gathered}$$

Gain percentage $=$$\frac{gain}{\cos tprice}\times 100$

$$\begin{gathered} =\frac{144}{960}\times 100 \\ =15\% \end{gathered}$$

Hence, Amit had a profit of $₹144$ and his gain percentage is $15\%$.