A dealer buys an article for ₹2,200 and sells it for ₹4,000. If his overhead charges are ₹300, then what is his gain percentage?
Given:
Cost Price (C.P.) = ₹2,200
Selling Price (S.P.) = ₹4,000
Overhead charges = ₹300
Formula Used:
The gain percentage is calculated based on the total cost (including overhead charges) and the selling price.
Total Cost = C.P.+ Overhead charges
Gain= S.P.−Total Cost
Gain Percentage
Formula Used:
Total Cost = 2200 + 300 = 2500
Gain= 4000 - 2500 = 1500
Gain Percentage =
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