1. Find the gain or loss per cent when:
(I) cp=₹620 and sp =₹713
(ii) sp=₹34.40 and cp=₹45.9
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Answer:
1. given that cp= Rs 620 sp = Rs 713
we know that profit = sp- cp
= 713 - 620
profit = Rs 92
2. given that cp= Rs 46.9 sp = Rs 34.40
we know that loss = cp- sp
= 46.9 - 34.40
profit = Rs 12.50
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