Question : An article is bought for Rs. 600 and sold for Rs. 900. Find the gain percentage.
Option 1: 40%
Option 2: 50%
Option 3: 55%
Option 4: 45%
Answer (1)
23rd Jan, 2024
Correct Answer: 50%
Solution :
Given that the article was bought for Rs. 600 and sold for Rs. 900,
⇒ Profit = Selling price − Cost price = Rs. 900 − Rs. 600 = Rs.300
We know that, Gain percentage = $\frac{\text{Profit}}{\text{Cost price}}$ × 100
= $\frac{300}{600}$ × 100 = 0.5 × 100 = 50%
Hence, the correct answer is 50%.
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