Question

01
Find the gain
ar loss percent , if
7
CP = 200 and SP = 224​

Answer 1

Given:

Cost Price (C.P) = 200

Selling Price (S.P) = 224

To find:

The Loss or Gain per cent

We know that,

• Selling Price > Cost Price = Gain
• Cost Price > Selling Price = Loss

Here,

[Cost Price (C.P) = 200] < [Selling Price (S.P) = 224]

We have gained.

Now,

The formula to find the gain per cent

$\bf Gain\% = \frac{Gain}{C.P}\times 100$

We need 'Gain' amount to find the Gain per cent.

Gain = Selling Price - Cost Price

Gain = 224 - 200

Gain = 24

So,

$\bf Gain\% = \frac{24}{200}\times 100$

$\bf Gain\% = \frac{24}{2}$

Gain % = 12%

Hence,

The Gain per cent is 12%

Answer 2

Given :-

CP = 200

SP = 224

To Find :-

Loss or profit%

Solution :-

Here, SP is greater than CP.

Therefore, there is must be a profit

$\bf \: Profit = SP - CP$

$\sf \: Profit =224 - 200$

$\sf \: Profit = 24$

Now,

As we know that.

$\bf \: Profit\% \: = \dfrac{Profit}{cp } \times 100$

$\sf \: Profit\% \: = \dfrac{24}{ \cancel{200}} \times \cancel{ 100}$

$\sf \: Profit\% \: = \dfrac{24}{2}$

$\frak \red{ Profit\% \: = 12\%}$