Answer :
First you have to find 5000 divided by 100 because that is the highest percent. Then you find the answer,50, and that is 1% of 5000. Next you subtract 6000 minus 5000 equals 1000. You divide 1000 by 50 and get 20. So his percent of gain is 20%
Percent of gain is 20 %.
What is gain percentage?
Percentage gain means to express the profit or the gain in the form of percentages.
According to the question
Cost price = $5000
Selling price = $6000
Gain percentage = [tex]\frac{Selling \ price -Cost \ price}{Cost \ price} \times 100[/tex]
Gain percentage = [tex]\frac{6000-5000}{5000} \times 100[/tex]
G = [tex]\frac{1000}{5000}\times 100[/tex]
G = [tex]0.2 \times 100[/tex]
G = 20 %
Percent of gain is 20 %.
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