Question

Shikha purchased a wrist watch for $Rs.840$ and sold it to her friend Vidhi for $Rs.910$. Find her gain percent.

Answer 1

The cost price of the wristwatch that Shikha purchased, $CP=Rs.840$

The price at which she sold it, $SP=Rs.910$

Since, $SP>CP$

So, Gain amount $=SP-CP$

$=(910-840)$

$=Rs.70$

Gain $\%=\frac{\text{Gain}}{\text{CP}}\times 100$

$=\frac{70}{840}\times 100$

$=\frac{7000}{840}$

$=8.3\%$