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What will be the gain for the man if he buys an article for rupees 27.50 and sold that for 28.50?
Wiki User
∙ 6y ago
The gain is 28.50 - 27.50 = 1 rupee
This is 1/27.50 × 100 % = 3 7/11 % mark up ≈ 3.64 % mark up
Or 1/28.5 × 100 % = 3 29/57 % profit on sales ≈ 3.51 % profit on sales.
Wiki User
∙ 6y ago
Wiki User
∙ 6y agoThe gain will be 1 rupee.
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