Find the gain percentage, given that siddhi sold her scooter for ₹71785 gaining th of the selling price .
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 25%.
Gain = (1/5) × Selling Price
⇒ Gain = (1/5) × ₹71785
Gain = ₹14357
Find the cost price:
Cost Price = Selling Price - Gain
⇒ Cost Price = ₹71785 - ₹14357
Cost Price = ₹57428
Calculate the gain percentage:
⇒ Gain Percentage = (Gain / Cost Price) × 100
⇒ Gain Percentage = (₹14357 / ₹57428) × 100
⇒ Gain Percentage ≈ 25%
Therefore, Siddhi gained approximately 25% on the sale of her scooter.