A chair is bought for ₹800 and sold for ₹1,100. Find the gain percentage.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 37.5%
Cost price of the chair = 800
Selling price of the chair = 1100
Profit% = [(S.P. - C.P.)/C.P.]100 = [(1100 - 800)/800]100 = 300/8 = 37.5%