A man bought a farm for $2,400 and sold it for $2,700. What percent did he gain?

Solution:

A man bought a farm for $2400

Therefore, cost price of farm = $2400

A man sold a farm for $2700

Selling price of farm = $2700

Gain = Selling price - Cost price

Gain = $2700 - $2400 = $300

Percentage of gain = (gain /cost price) × 100

G% = ($300 / $2400) × 100

= 100 / 8

= 12.5%

Gain percent = 12.5%

Therefore, the percent gained is 12.5%.

A man bought a farm for $2,400 and sold it for $2,700. What percent did he gain?

Summary:

A man bought a farm for $2,400 and sold it for $2,700. He gained 12.5%.