Mohit bought a CD for Rs. 750 and sold it for Rs. 875. Find his gain percent.

Answer

To find Mohit's gain percent from selling the CD, we can follow these steps:

### Step 1: Identify the Cost Price (CP) and Selling Price (SP)
- **Cost Price (CP)** = Rs. 750
- **Selling Price (SP)** = Rs. 875

### Step 2: Calculate the Gain
To find the gain, we use the formula:
\[ \text{Gain} = \text{SP} - \text{CP} \]
Substituting the values:
\[ \text{Gain} = 875 - 750 = 125 \]
So, Mohit's gain is Rs. 125.

### Step 3: Calculate the Gain Percentage
The formula for gain percentage is:
\[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100 \]
Substituting the values we have:
\[ \text{Gain Percentage} = \left( \frac{125}{750} \right) \times 100 \]

### Step 4: Simplify the Calculation
Now, we simplify the fraction:
\[ \frac{125}{750} = \frac{125 \div 125}{750 \div 125} = \frac{1}{6} \]
Now, we multiply by 100:
\[ \text{Gain Percentage} = \frac{1}{6} \times 100 = \frac{100}{6} \approx 16.67 \]

### Final Answer
Thus, the gain percentage is approximately **16.67%**.

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