Question : Reenal bought an AC for Rs. 28500 and paid Rs. 600 for transportation. Then she sold it for Rs. 30264. What is her gain percentage?
Option 1: 8%
Option 2: 10%
Option 3: 4%
Option 4: 5%
Correct Answer: 4%
Solution :
The total cost of the AC, including transportation = Rs. 28500 + Rs. 600 = Rs. 29100
The selling price of the AC = Rs. 30264
$\text{Gain percentage} = \left(\frac{\text{Selling Price} - \text{Cost Price}}{\text{Cost Price}}\right) \times 100$
$= \left(\frac{30264 - 29100}{29100}\right) \times 100$
$= \left(\frac{1164}{29100}\right) \times 100$
$= \left(\frac{1}{25}\right) \times 100$
$= 4$%
Hence, the correct answer is 4%.
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