Manjit bought an iron safe for Rs.12160 and paid Rs.340 for its transportation. Then, he sold it for Rs.12875. Find his gain per cent.

Total Cost of an Iron Safe = Purchase Cost + Transportation

= 12160 + 340

= 12500

Cost Price (CP) of Iron Safe = Rs.12500

Selling Price (SP) of an Iron Safe = Rs.12875

Gain on Sell = SP – CP

= 12875-12500

= 375

Gain Percent =

= 3%

So, Gain Percent on Iron Safe is 3%.