Question

A man bought a car for 8500 GH cedis and he later sold it at for 9500. find his percentage gain

Answer 1

To find the percentage gain, calculate the difference between the selling price and the buying price, and express that difference as a percentage of the buying price. In this case, the man's percentage gain is 11.76%.

Step-by-step explanation:

To find the percentage gain, we need to calculate the difference between the selling price and the buying price, and then express that difference as a percentage of the buying price.

Step 1: Calculate the difference between the selling price and the buying price: 9500 - 8500 = 1000 GH cedis.

Step 2: Calculate the percentage gain: (1000 / 8500) * 100 = 11.76%.

Therefore, the man's percentage gain is 11.76%.

Answer 2

11.7647059 % gain

Step-by-step explanation:

To find the gain, take the new amount and subtract the original amount

9500-8500 = 1000

Divide by the original amount

1000/8500=.117647059

Multiply by 100% to get in percent form

11.7647059 % gain