A man buys a book for Rs. 110 and sells it for Rs. 123.20. Find his gain percent.
A man buys a book for Rs. 110 and sells it for Rs. 123.20. Find his gain percent.
[A]8%
[B]12%
[C]14%
[D]16%
12%
Since C.P=Rs. 110, S.P=Rs. 123.20
So gain = Rs.(123.20-110)=RS. 13.20
Therefore Gain Percent = $latex \left ( \frac{13.20}{110}\times 100 \right )&s=1$ %= $latex \frac{1320}{110}&s=1$ %=12%.
Hence option [B] is the right answer.