Amit bought a sofa set for Rs. 50,220 and paid Rs. 1530 for its transp

1.	Amit bought a sofa set for Rs. 50,220 and paid Rs. 1530 for its transportation. If he sold sofa set for Rs 57960. Find the gain percent made
Answer» Solution Amount of sofa set = Rs. 50220 Amount of TRANSPORTATION = 1,530 Total C.P = 50220 + 1530 = 51750 Selling PRICE of sofa set = Rs. 57960 S.P is greater than C.P Therefore here is profit Profit = S.P - C.P = 57960 - 51750 = 6210 Profit Percent = $\dfrac{Profit}{Cost Price}\times100$ $= \dfrac{6210}{51750}\times100\\\\\\=<klux>12</klux>\%$ Therefore gain percent = 12%

Amit bought a sofa set for Rs. 50,220 and paid Rs. 1530 for its transportation. If he sold sofa set for Rs 57960. Find the gain percent made

Answer»

Solution

Amount of sofa set = Rs. 50220

Amount of TRANSPORTATION = 1,530

Total C.P = 50220 + 1530 = 51750

Selling PRICE of sofa set = Rs. 57960

S.P is greater than C.P

Therefore here is profit

Profit = S.P - C.P

= 57960 - 51750

= 6210

Profit Percent = $\dfrac{Profit}{Cost Price}\times100$

$= \dfrac{6210}{51750}\times100\\\\\\=<klux>12</klux>\%$

Therefore gain percent = 12%

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