Mathematics: A man bought a lot for 1200 and sold it for 1500. his percent of gain based on his purchase was

A man bought a lot for 1200 and sold it for 1500.

Ответ:

hellothere2458

30.01.2022

Mathematics

The percent gain was 25%.

Step-by-step explanation:

Given, Cost price of lot = $1,200

Selling price of lot = $1,500

The percent gain = $\dfrac{\text{selling price- cost price}}{\text{cost price}}\times100$

⇒ Percent gain = $\dfrac{1500-1200}{1200}\times100\%$

$\Rightarrow\text{ Percent gain}=\dfrac{300}{1200}\times100\%\\\\\Rightarrow\text{ Percent gain}=\dfrac{1}{4}\times100\%\\\\\Rightarrow\text{ Percent gain}=25\%$

Hence, the percent gain was 25% based on his purchase.

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A man bought a lot for 1200 and sold it for 1500. his percent of gain based on his purchase was

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