Question

If Varun purchased a calculator for $\text{Rs.}500$ and sold it to his friend for $\text{Rs.}560$, then the gain percent is:

• A. $10\%$
• B. $12\%$
• C. $15\%$
• D. $20\%$

Answer 1

Answer: (B)

$12\%$

Cost price of calculator $=\text{Rs.}500$

Selling price of calculator $=\text{Rs.}560$

$\text{Gain}=\text{S.P}-\text{C.P}$

$\Rightarrow \text{Gain}=560-500$

$\Rightarrow \text{Gain}=\text{Rs.}60$

$\text{Gain}\%=\frac{\text{gain}}{\text{Cost price}}\times 100$

$\Rightarrow \text{Gain}\%=\frac{60}{500}\times 100$

$\Rightarrow \text{Gain}\%=12\%$

Hence, option $B$ is correct.