A man buys an article for ₹ 25.50 and sells it for ₹ 28.60. Find his gain per cent.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 12.15 %
Gain per cent is worked out on the cost price: gain ÷ cost price × 100.
Gain \(=28.60-25.50=3.10\)
Gain per cent \(\displaystyle =\frac{3.10}{25.50}\times100=12.15\ldots\%\)