An article is purchased for Rs. 450 and sold for Rs. 495. Find the gain percent.
An article is purchased for Rs. 450 and sold for Rs. 495. Find the gain percent.
Explanation
Given that:
C.P=450 & S.P=495
When S.P is greater than C.P, we get Profit
Profit=S.P-C.P
Profit=495-450
Profit = 45
Now,
Gain% = [100*Gain]/C.P
= [100*45]/450
= 10%
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ND11-12-2022