Question : An article is bought for Rs. 1,600 and sold for Rs. 3,200. Find the gain percentage.
Option 1: 100%
Option 2: 90%
Option 3: 50%
Option 4: 75%
Answer (1)
24th Jan, 2024
Correct Answer: 100%
Solution :
Given: An article is bought for Rs. 1,600 and sold for Rs. 3,200.
Gain percentage $=\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100=\frac{3200–1600}{1600}\times 100=\frac{1600}{1600}\times 100=100$%
Hence, the correct answer is 100%.
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