Question

1. When CP= Rs. 620 and SP = Rs. 713
then the gain or loss percent is:
(a) 20%
(b) 15%
(c) 30%
(d) 25%
​

Answer 1

Step-by-step explanation:

SP > CP, so there is a profit.

profit = SP - CP = 713 - 620 = Rs. 93

profit %

= $\frac{profit}{CP} × 100$

= $\frac{93}{620} × 100$

= 15 %