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K purchased a table for Rs.11,000 and sold it for Rs. 13,500. What is his gain in percentage?
- A19.8%
- B20.6%
- C22.7%
- D22%
Answer not set
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CCommunity
From the given data,
Cost price of the table(C.P) = Rs. 11,000
Selling price of the table(S.P) = Rs. 13,500
⇒ Profit % = (S.P – C.P)/C.P × 100 = (13500 – 11000)/11000 × 100 = 22.7%
Cost price of the table(C.P) = Rs. 11,000
Selling price of the table(S.P) = Rs. 13,500
⇒ Profit % = (S.P – C.P)/C.P × 100 = (13500 – 11000)/11000 × 100 = 22.7%