A bed was purchased for$3750 and$250 were paid for its transportation. If it is sold at a gain of $40, find the gain per cent?
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A bed was purchased for$3750 and$250 were paid for its transportation. If it is sold at a gain of $40, find the gain per cent?
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Answer:
1 %
Step-by-step explanation:
Cost Price (CP) = ₹ 3750.
Transportation cost = ₹ 250.
∴ Total cost paid = 3750 + 250 = ₹ 4000.
Selling Price (SP) = ₹ 4000 + ₹ 40 = ₹ 4040.
∴ Gain percentage = 40 / 4000 × 100
= 1 / 100 × 100
= 1 %
The gain percent is 1 %.
Step-by-step explanation:
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