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

1.	Manjit bought an iron safe for Rs.12160 and paid Rs.340 for its transportation. Then, he sold it for Rs.12875. Find his gain per cent.
Answer» Total Cost of an Iron Safe = Purchase Cost + Transportation = 12160 + 340 = 12500 Cost Price (CP) of Iron Safe = Rs.12500 Selling Price (SP) of an Iron Safe = Rs.12875 Gain on Sell = SP – CP = 12875 - 12500 = 375 Gain Percent = \(Gain\%=\frac{Gain\times100}{CP}\) \(=\frac{375\times100}{12500}\) = 3% So, Gain Percent on Iron Safe is 3%.

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

Answer»

Total Cost of an Iron Safe = Purchase Cost + Transportation

= 12160 + 340

= 12500

Cost Price (CP) of Iron Safe = Rs.12500

Selling Price (SP) of an Iron Safe = Rs.12875

Gain on Sell = SP – CP

= 12875 - 12500

= 375

Gain Percent = \(Gain\%=\frac{Gain\times100}{CP}\)

\(=\frac{375\times100}{12500}\)

= 3%

So, Gain Percent on Iron Safe is 3%.