Profit and Loss

Solve the question of Profit and Loss and select the option from the choices A through D/E. Check your Answer and view the explanation.

A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

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C.P. = 27.50

S.P. = 28.60

Gain = 28.60 - 27.50 = Rs. 1.10

Gain%=( $\frac{Gain}{Cost}$ × 100)% = ( $\frac{1.10}{27.50}$ × 100)% = 4%