A man buys an article for ₹ 25.50 and sells it for ₹ 28.60. Find his gain in percent.
Answer & explanation
Correct answer: option 1
Cost price of article = ₹ 25.50
Selling price of article = ₹ 28.60
Gain percent = \(\frac{28.60 - 25.50}{25.50}\) × 100%
= \(\frac{ 3.1}{25.50}\) × 100%
= 12.15%