Question

Sudhir bought an almirah for Rs 13600 and spent Rs 400 on its transportation. He sold it for Rs 16800. Find his gain per cent.

Answer 1

Cost price of an almirah = Rs. 13600
Transportation cost = Rs. 400
Total cost price = Rs. (13600 + 400) = Rs. 14000
Selling price = Rs. 16800
Now, SP > CP
$\mathrm{Gain}=\mathrm{SP}-\mathrm{CP}=$ ( 16800 - 14000) = Rs. 2800

$\mathrm{Gain}\%=\left(\frac{\mathrm{Gain}}{\mathrm{CP}}\times 100\right)$%

$=\left(\frac{2800}{14000}\times 100\right)$%

$$\begin{gathered} =\frac{2800}{140}\% \\ =20\% \end{gathered}$$