A retailer purchases goods from a wholeseller 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?9%9.25%9.52%10%
Question
A retailer purchases goods from a wholeseller 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?9%9.25%9.52%10%
Solution
Step 1: First, we need to calculate the total cost of the goods for the retailer. This includes the purchase price from the wholesaler and the additional expenses.
Total cost = Purchase price + Additional expenses Total cost = Rs.1800 + Rs.300 Total cost = Rs.2100
Step 2: Next, we need to calculate the gain. This is the selling price minus the total cost.
Gain = Selling price - Total cost Gain = Rs.2300 - Rs.2100 Gain = Rs.200
Step 3: Finally, we need to calculate the percent gain. This is the gain divided by the total cost, multiplied by 100 to get a percentage.
Percent gain = (Gain / Total cost) * 100 Percent gain = (Rs.200 / Rs.2100) * 100 Percent gain = 9.52%
So, the percent gain is 9.52%.
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