A tricycle was purchased for Rs.1120 and sold for Rs.1260 . Find the gain and gain percent.
Given: A tricycle was purchased at = Rs 1120
It was sold at = Rs 1260
To do: Find the gain and gain percent
Answer
Cost price of tricycle = CP = Rs 1120
Sale price of tricycle = SP = Rs 1260
Gain = SP - CP = 1260 - 1120 = Rs 140
Gain% = $\frac{Gain}{CP} \times 100 $
= $\frac{140}{1120} \times 100 $
= $ 12.5%$
So Gain = Rs 140 and Gain % = $12.5%$
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