Satish bought 35 notebooks for ₹700 and sold 28 of them for ₹600. Find his percentage gain.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 7%
Given that
Satish bought 35 notebooks for ₹700
CP = 700/35 = 20 Rs per notebook
SP = 600/28 = 150/7 Rs per notebook
Hence Profit % = [(SP -CP)/ CP] *100
= [(150/7 - 20) / 20] *100 = 100/14 = 7%