A person bought a book at 3/4th of its listed price and sold it at 50% more than its listed price. What is the percentage of gain in the transaction ?

Question

Accepted Answer

100%. Let listed price = 100. Cost price = 3/4 × 100 = 75. Selling price = 100 + 50 = 150. Gain = 150 − 75 = 75. Gain% = (75/75) × 100 = 100%.

A person bought a book at 3/4th of its listed price and sold it at 50% more than its listed price. What is the percentage of gain in the transaction ?

Explanation

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