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Arun purchased a computer for Rs. 18,000 and sold it for Rs. 21,000. Find his gain percent.

Question

Arun purchased a computer for Rs. 18,000 and sold it for Rs. 21,000. Find his gain percent.

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Solution

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

So, Gain = Selling Price - Cost Price Gain = Rs. 21,000 - Rs. 18,000 Gain = Rs. 3,000

Step 2: Next, we need to calculate the gain percentage. The formula to calculate gain percent is:

Gain% = (Gain / Cost Price) * 100

Substituting the values we have:

Gain% = (Rs. 3,000 / Rs. 18,000) * 100 Gain% = 16.67%

So, Arun made a gain of 16.67% on the sale of the computer.

This problem has been solved

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