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A person buys a toy for ₹70 and sells it for ₹91. What will be his gain percentage?
Question

A person buys a toy for ₹70 and sells it for ₹91. What will be his gain percentage?

A.

50%

B.

20%

C.

30%

D.

40%

Correct option is C

Given:

Cost Price (CP) = ₹70

Selling Price (SP) = ₹91

We need Gain %.

Formula Used:

Gain = SP - CP

Gain %=GainCP×100\text{Gain \%} = \frac{\text{Gain}}{\text{CP}} \times 100

Solution:

Gain = 91 - 70 = ₹21

Gain %=2170×100=30%\text{Gain \%} = \frac{21}{70} \times 100 = 30\%

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