Question

10)
The cost price of an item is two third of its selling price. What is the gain/loss percent
on that item?
a) 45
b) 50
c) 35
d) 54
Pankai purchased an item for Rs. 7.500 and sold it at the pain of 24% From thal amount
71)​

Answer 1

Explanation:

SP>CP

So, profit

Profit% = \frac{SP-CP}{CP}\times 100

CP

SP−CP

×100

Profit% = \frac{x-\frac{2}{3}x}{\frac{2}{3}x}\times 100

3

2

x

x−

3

2

x

×100

Profit% = \frac{\frac{3x-2x}{3}}{\frac{2}{3}x}\times 100

3

2

x

3

3x−2x

×100

Profit% = \frac{\frac{x}{3}}{\frac{2}{3}x}\times 100

3

2

x

3

x

×100

Profit% = \frac{1}{2}\times 100

2

1

×100

Profit% = 50\%50%

Hence the gain% is 50%.