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?Options11%9.52%23%18%
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?Options11%9.52%23%18%
Solution
To calculate the percent gain, we first need to determine the total cost for the retailer and the amount of profit made.
Step 1: Calculate the total cost The total cost for the retailer is the cost of the goods plus any additional expenses. In this case, the retailer bought the goods for Rs.1800 and had an additional expense of Rs.300 for carriage. So, the total cost is Rs.1800 + Rs.300 = Rs.2100.
Step 2: Calculate the profit The profit is the selling price minus the total cost. The retailer sold the goods for Rs.2300, so the profit is Rs.2300 - Rs.2100 = Rs.200.
Step 3: Calculate the percent gain The percent gain is the profit divided by the total cost, multiplied by 100 to get a percentage. So, the percent gain is (Rs.200 / Rs.2100) * 100 = 9.52%.
So, the percent gain is 9.52%.
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