ABC Ltd is selling laptops across the nation. The manager said that the company earned a profit of the sale price of 1008 laptops on the sale of 6608 laptops in a year. What is the gain percentage that the company earned?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 18%.
Total laptops sold = 6608
Let SP of one laptop = ₹1
Total SP of 6608 laptops = ₹6608
Profit = SP of 1008 laptops = ₹1008
Cost Price (CP) = SP − Profit = ₹6608 − ₹1008 = ₹5600
Gain % = (Profit / CP) × 100 = (1008 / 5600) × 100 = 0.18 × 100 = 18%