By selling an article for ₹5600, one gains ₹1600. What is the gain percent?

Correct option is B

Given:

Selling Price (SP) = ₹5600

Gain = ₹1600

Formula Used:

Gain% = $$\left( \frac{\text{Gain}}{\text{CP}} \right) \times 100$$

CP = SP - Gain

Solution:

CP = 5600−1600 = 4000

Gain % = $$\left( \frac{1600}{4000} \right) \times 100$$​​

= 40 %

Thus, the correct option is (b) 40%