Question

A person sells an article for Rs. 884, gaining Rs. 204 of its C.P. Its gain percentage is 

1. 20%
2. 25%
3. 30%
4. 35%

Answer 1

Correct Answer - Option 3 : 30%

Given:

S.P. of an article = Rs. 884

Gain = Rs. 204

Concept used:

C.P = S.P – P 

P% = (P/C.P) × 100 

Where, 

C.P = Cost price

S.P = Selling price

P = Profit

Calculation:

S.P. of an article = Rs. 884

Gain = Rs. 204

C.P = 884 – 204 = Rs. 680

Gain% = (204/680) × 100

⇒ 3 × 10 = 30%

∴ The gain% of the article is 30%.