Profit and Loss Practice Test 5

Question : 27 of 40

Marks: +1, -0

Saurabh bought a radio for Rs. 800 and spent Rs. 400 on it. He sold it for Rs. 1500. What is his gain per cent?

Solution:

Net C.P. = 800 + 400 = Rs. 1200
Gain = 1500 – 1200 = Rs. 300
Hence, Gain%

= 300/1200 ×100 = 25%

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