A machine was purchased for Rs 3750 and Rs 250 were paid for its transportation. If it is sold at a gain of Rs 40, find the gain per cent.

Cost of machine = Rs 3750Money spent on transportation = Rs 250Total CP = Rs 3750 + 250 = Rs 4000Now, profit = Rs 40Now, profit% = profitCP×100%                         =404000×100% = 1%

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