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Peter buys a table for $ 450 and spends $ 30 on its transportation. If he sells the table for $ 600 his gain per cent will be
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- 30%
- 25%
- 28%
- 24%
Correct Option: B
Given that , Actual cost price = 450 + 30 = $ 480
Selling price = $ 600
Gain = 600 - 480 = $ 120
∴ Gain percent = | × 100 % | Actual cost price |
Gain percent = | × 100 = 25% | 480 |