Ram gains $70$ paise on Rs. $70$ . Ram's gain percent is

0.1 %

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1 %

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7 %

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10 %

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Solution

The correct option is B $1 %$
Ram gains $70$ paise on Rs. $70$ .
Thus gain in $% = \frac{0.70}{70} \times 100 % = 1 %$
Hence. option B is correct.

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Ram buys 40 pencils for Rs 70 and sells them at the rate of 30 pencils for Rs 80. Find gain or loss percent.

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