A man buys an article for Rs.27.50 and sells it for Rs., 28.60. gain percent?

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7.Profit and Loss

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A man buys an article for $Rs.\;27.50$ and sells it for $Rs.\, 28.60.$ Find the gain percent?

A

$4$

B

$3$

C

$5$

D

$10$

Solution

$CP = Rs .27 .50, SP = Rs .28 .60$

Then Gain $= SP – CP =28.60-27.50= Rs .1 .10$

since, $\operatorname{Gain} \%=\frac{\operatorname{gain} \times 100}{ CP } \%$

$\Rightarrow \quad \operatorname{Gain} \%=\frac{1.10 \times 100}{27.50}=4 \%$

Standard 13

Quantitative Aptitude

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