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A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent?

Correct answer: B. 20%

  • A. 16 2/3%
  • B. 20%
  • C. 18%
  • D. 25%

Explanation

The gain is Rs.1,080 - Rs.900 = Rs.180. Gain percent = Rs.180/Rs.900 x 100 = 20%. Students often choose a by calculating the gain as a percentage of the selling price instead of the purchase price.

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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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