By selling 92 kg of wheat, a person gains the selling price of 12 kg of it. His gain percentage is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 15%.
According to the question
Gain = 12 S.P
92 S.P - 92 C.P = 12 S.P
80 S.P = 92 C.P
S.P/C.P = 23/20
Now, gain % = {(23 - 20) / 20 } * 100
= (3/20) * 100 = 15%