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Question : A table is bought for Rs. 2450 and sold for Rs. 2940. The gain percentage is:

Option 1: 22%

Option 2: 10%

Option 3: 20%

Option 4: 12%


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: 20%


Solution : Given: A table is bought for Rs. 2450 and sold for Rs. 2940.
Here the cost price (CP) = Rs. 2450
The selling price (SP) = Rs. 2940
So, the gain percentage = $\frac{SP-CP}{CP}×100$
= $\frac{2940-2450}{2450}×100$
= $\frac{490}{2450}×100$
= 20%
Hence, the correct answer is 20%.

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