A table is bought for Rs 2450 and sold for Rs 2940. The gain percent is:
Answer & explanation
Correct answer: option 3
Cost price = Rs 2450
Selling price = Rs 2940
Gain = SP - CP = 2940 - 2450 = 490
Gain% = $\frac{Gain}{CP}$ x 100 = $\frac{490}{2450}$ x 100
= 20%