Question

A man bought a car for 5500 cedis and sold it for 6500 cedis .find the percentage gain

Answer 1

To find the percentage gain, subtract the buying price from the selling price. Divide the difference by the buying price. Multiply the result by 100 to get the percentage gain.

Step-by-step explanation:

To find the percentage gain, we need to determine the difference between the selling price and the buying price, and then divide it by the buying price. In this case, the difference is 6500 cedis - 5500 cedis = 1000 cedis. Dividing this by the buying price of 5500 cedis gives us a decimal value of 0.1818.

To convert this to a percentage, we multiply the decimal value by 100, which gives us 18.18%. Therefore, the percentage gain is 18.18%.

Answer 2

Around 18.18%

Step-by-step explanation:

We can use the percentage increase formula to find the gain here. The formula goes:

`(new-original)/(original)\cdot100`.

We know that the new value is 6500, and the old value is 5500, so we can substitute inside the equation.

`(6500-5500)/(5500)\cdot100\\\\(1000)/(5500)\cdot100 \\\\0.\overline{18} \cdot100\\\\18.\overline{18}`

Which rounds to 18.18%.

Hope this helped!