Question

If an artile bought for US $ 1 is sold for sterling £1, what is the gain percent? (Given, \$ 1 = Rs. 105.52, £1= Rs. 155.63) ​

Answer 1

47.49%

Explanation:

profit / selling price ×100% = gain percent

profit =selling price - cost price

therefore profit = 155.63 - 105.52 = 50.11

50.11/105.52 ×100% = gain percent

47.49% = gain percent