Q. A peon purchased a chair for ₹ 700, spent ₹ 170 on its repair and ₹ 30 on the cartage. If he sold the chair for ₹ 1,080, his gain percent is

The correct answer is (B) 20

Explanation:

Let’s solve this step by step.

1. First, let’s calculate the total cost for the peon:
Purchase price = ₹ 700
Repair cost = ₹ 170
Cartage cost = ₹ 30
Total cost = 700 + 170 + 30 = ₹ 900

2. Selling price = ₹ 1,080

3. To find gain percent:
Gain = Selling price – Cost price
Gain = 1,080 – 900 = ₹ 180

4. Gain percent = (Gain ÷ Cost price) × 100
= (180 ÷ 900) × 100
= 0.2 × 100
= 20%

Therefore, the gain percent is 20%. The answer is (B) 20.