Question

Ranjit purchased an almirah for $Rs.5248$ and paid $Rs.127$ for its transportation. He sold it for $Rs.6020$. Find his gain or loss per cent.

Answer 1

Total cost price $=5248+127$

$=5375$

Selling price $=6020$

Gain $=\frac{SP-CP}{CP}\times 100=\frac{6020-5375}{5375}\times 100$

$=12\%$ gain