CBSE · Class 7 · Mathematics · Comparing QuantitiesA shopkeeper bought a chair for Rs 375 and sold it for Rs 400. Find the gain percentage.
Step-by-Step Solution
Cost Price = Rs 375, Selling Price = Rs 400. Profit = 400 - 375 = Rs 25. Profit % = (25 / 375) × 100 = (1 / 15) × 100 = 100 / 15 = 20 / 3 % = 6(2/3)%.
Detailed Options Breakdown
Option : 5%
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
Option 1: 6(2/3)% (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: 7%
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
Option 3: 10%
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
💡 Study Guide: This question tests core syllabus concepts from Comparing Quantities. For formulas, key summaries, and mock exam reference guides, read the full Comparing Quantities Revision Notes.