Question
Download Solution PDFThe table given below shows the selling price and cost price of five different articles
|
Article |
Selling Price |
Cost Price |
|
Grinder |
2500 |
2800 |
|
Iron |
1800 |
1600 |
|
Lamp |
1200 |
900 |
|
Induction |
2000 |
2400 |
|
Fan |
800 |
480 |
Find the gain percentage of Fan.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFFormula used:
Gain % = Gain/Cost price × 100
Calculation:
For fan -
SP = Rs. 800
CP = Rs. 480
Gain = 800 - 480 = 320 Rs.
Now,
Gain % = 320/480 × 100
⇒ Gain% = 2/3 × 100 = 66.67%
∴ The correct answer is 66.67%.
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