A retailer purchases goods from a whole seller for Rs.1800. The retailer bears additional expense of Rs.300 on carriage of goods by his servant and he sold the goods to the consumer Rs.2300. Find the percent gain?
Question
A retailer purchases goods from a whole seller for Rs.1800. The retailer bears additional expense of Rs.300 on carriage of goods by his servant and he sold the goods to the consumer Rs.2300. Find the percent gain?
Solution
Sure, here is the step by step solution:
Step 1: Calculate the total cost price. The total cost price is the sum of the purchase price and the additional expenses. So, the total cost price = Rs.1800 (purchase price) + Rs.300 (additional expenses) = Rs.2100.
Step 2: Calculate the selling price. The selling price is given as Rs.2300.
Step 3: Calculate the gain. The gain is the difference between the selling price and the cost price. So, the gain = Rs.2300 (selling price) - Rs.2100 (cost price) = Rs.200.
Step 4: Calculate the percent gain. The percent gain is the gain divided by the cost price, multiplied by 100. So, the percent gain = (Rs.200 / Rs.2100) * 100 = 9.52%.
Therefore, the retailer made a gain of 9.52%.
Similar Questions
John buys a second hand car for Rs 180000 and spent Rs 20000 for repairing it. He sold it for Rs 220000 Find his gain %.Options :50%20%10%none
A seller has 230 kg of mangoes which he purchases at rate of Rs. 10 per kg. 20% of total mangoes were rotten in packaging and thrown away. If seller sold half of the remaining mangoes at the rate of Rs. 20 per kg, then at what price (per kg) should seller sell the remaining mangoes to gain a total profit of 15% on the total quantity seller had initially (in Rs. /kg)?
A seller loses 20% when he sells the product for Rs. 1600. For how much price must he sell to gain 10% ?Question 4Answera.None of theseb.Rs. 2300 c.Rs. 2100d.Rs. 2200
A shopkeeper gives 25% discount on an article and makes a profit of 10%. If the cost price of the article is Rs 300 then, what is the marked price?
A merchant marks his goods at Rs. 600 and allows a discount of 25%. If he still gains 11.11%, then the cost price of the article is:
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.