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.
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.
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