6. When gain% is given, then give formula please
Answers
Answer:
Percentage gain means to express the profit or the gain in the form of percentages. This way makes it easier and faster for a person to understand the variables or the vitals of a business transaction. Sometimes it is useful to find the increase or decrease of an amount. It can also be useful to find the percentage increase or decrease, which is called profit and loss. In the following section, we will see what we mean by the Percentage Gain, we will state the formula for this and then proceed on to the application of this formula. Let us begin with a formal introduction to the topic.
Step-by-step explanation:
Take the selling price and subtract it from the initial purchase price. The result is the gain or loss. Take the gain or loss from the investment and divide it by the original amount or purchase price of the investment. Finally, multiply the result by 100 to arrive at the percentage change in the investment.