Question

A man buys an article for $₹27.50$ and sells it for $₹28.60$. Find his gain percent

• A. $1\%$
• B. $2\%$
• C. $3\%$
• D. $4\%$

Answer 1

The correct option is D

$4\%$

Cost price of the article $=₹27.50$

and, Selling price of the article $=₹28.60$

Since the selling price is more than the cost price. So, the man will gain.

Therefore, Gain $=$ S.P. $–$ C.P. $=₹(28.60–27.50)=₹1.10$

Hence,

Gain percentage $=\frac{gain}{c.p.}\times 100\%$

$$\begin{gathered} =\frac{1.10}{27.50}\times 100\% \\ =4\% \end{gathered}$$

So, the correct option is (d)