By selling 100 oranges, a vendor gains the selling price of 20 oranges. His gain percent is: 20 25 30 32
Question
By selling 100 oranges, a vendor gains the selling price of 20 oranges. His gain percent is: 20 25 30 32
Solution
The gain percent can be calculated using the formula:
Gain % = (Gain / Cost Price) * 100
Here, the gain is equal to the selling price of 20 oranges.
Let's assume the cost price of 1 orange is 100.
The vendor gains the selling price of 20 oranges by selling 100 oranges. So, the selling price of 100 oranges is 20 (gain) = $120.
Therefore, the gain is $20.
Substituting these values into the formula:
Gain % = (20 / 100) * 100 = 20%
So, the vendor's gain percent is 20%.
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