Tom bought a pen for $360 and sold it to gain 20 on his cost price. How much money he gain?

Tom bought a pen for $60 and sold it to gain 20% on his cost price. How much money did he gain?

Solution: CP of the pen = $60.

Gain = 20%.

(SP-CP)*100/CP = Gain %

(SP-60)*100/60 = 20, or

SP-60 = 60*20/100 = 12

SP = 60+12 = $72.

Gain = $72-$60 = $12. Answer.

Step-by-step explanation:

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Step-by-step explanation:

555.99.

step-by-step explanation:

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