Home » Aptitude » Profit and Loss » Question
  1. 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
    1. 30%
    2. 25%
    3. 28%
    4. 24%
Correct Option: B

Given that , Actual cost price = 450 + 30 = $ 480
Selling price = $ 600
Gain = 600 - 480 = $ 120

∴ Gain percent =
Gain
× 100 %
Actual cost price

Gain percent =
120
× 100 = 25%
480



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