Question

A man buys an article for Rs. 27.50 and sells it for Rs. 28.60. Find his gain percentage.

• A. 1%
• B. 2%
• C. 3%
• D. 4%

Hint:

To find the gain percentage, use the formula: \[ \text{Gain %} = \left( \frac{\text{Gain}}{\text{Cost Price}} \right) \times 100 \]

Answer 1

The Correct Option is D

Given: - Cost Price (CP) = Rs. 27.50 - Selling Price (SP) = Rs. 28.60 Step 1: Calculate the gain: \[ \text{Gain} = \text{SP} - \text{CP} \] \[ = 28.60 - 27.50 = 1.10 \] Step 2: Compute the gain percentage: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100 \] \[ = \left( \frac{1.10}{27.50} \right) \times 100 \] \[ = 4% \]
Thus, the correct answer is 4%.