Manjit bought an iron safe for ₹12160 and paid ₹340 for its transp

1.	Manjit bought an iron safe for ₹12160 and paid ₹340 for its transportation. Then, he sold it for ₹12875. Find his gain percent.
Answer» Lets solve by using, the total cost of iron safe = purchase cost + transportation = 12160 + 340 = 12500 CP of iron safe = 12500 SP of iron safe = 12875 Since, SP is more than CP so it’s a gain. Gain = SP – CP = 12875 – 12500 = 375 Gain % = (Gain × 100) / CP = (375 × 100) / 12500 = 3% ∴ The Gain percent is 3%

Manjit bought an iron safe for ₹12160 and paid ₹340 for its transportation. Then, he sold it for ₹12875. Find his gain percent.

Answer»

Lets solve by using, the total cost of iron safe = purchase cost + transportation

= 12160 + 340 = 12500

CP of iron safe = 12500

SP of iron safe = 12875

Since, SP is more than CP so it’s a gain.

Gain = SP – CP = 12875 – 12500 = 375

Gain % = (Gain × 100) / CP

= (375 × 100) / 12500

= 3%

∴ The Gain percent is 3%