Step 1: First, we need to find out how much the shopkeeper gained from selling the chair. We do this by subtracting the cost price from the selling price.

So, Gain = Selling Price - Cost Price
Gain = `400 - `375
Gain = `25

Step 2: Next, we calculate the gain percentage. The formula for gain percentage is:

Gain % = (Gain / Cost Price) * 100

Substituting the values we have:

Gain % = (`25 / `375) * 100
Gain % = 6.67%

So, the shopkeeper had a gain of 6.67% on selling the chair.

Question

Step 1: First, we need to find out how much the shopkeeper gained from selling the chair. We do this by subtracting the cost price from the selling price.

So, Gain = Selling Price - Cost Price
Gain = `400 - `375
Gain = `25

Step 2: Next, we calculate the gain percentage. The formula for gain percentage is:

Gain % = (Gain / Cost Price) * 100

Substituting the values we have:

Gain % = (`25 / `375) * 100
Gain % = 6.67%

So, the shopkeeper had a gain of 6.67% on selling the chair.

Knowee AI · Accepted Answer

Step 1: First, we need to find out how much the shopkeeper gained from selling the chair. We do this by subtracting the cost price from the selling price.

So, Gain = Selling Price - Cost Price
Gain = `400 - `375
Gain = `25

Step 2: Next, we calculate the gain percentage. The formula for gain percentage is:

Gain % = (Gain / Cost Price) * 100

Substituting the values we have:

Gain % = (`25 / `375) * 100
Gain % = 6.67%

So, the shopkeeper had a gain of 6.67% on selling the chair.

A shopkeeper bought a chair for ` 375 and sold it for ` 400. Find the gain Percentage

Question

A shopkeeper bought a chair for `375 and sold it for` 400. Find the gain Percentage

Solution

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