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?Options23%18%11%9.52%
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?Options23%18%11%9.52%
Solution
To find the percent gain, we first need to calculate the total cost price for the retailer.
Step 1: Calculate the total cost price The total cost price for the retailer is the purchase price plus any additional expenses. In this case, the retailer purchased the goods for Rs.1800 and had an additional expense of Rs.300 for carriage. So, the total cost price is Rs.1800 + Rs.300 = Rs.2100.
Step 2: Calculate the gain The gain is the selling price minus the cost price. In this case, the selling price is Rs.2300 and the cost price is Rs.2100. So, the gain is Rs.2300 - Rs.2100 = Rs.200.
Step 3: Calculate the percent gain The percent gain is the gain divided by the cost price, multiplied by 100. So, the percent gain is (Rs.200 / Rs.2100) * 100 = 9.52%.
So, the percent gain is 9.52%.
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