Question

a branded towel is available for rupees 500 Raman bought it with 5% GST later he sold it to his friend for rupees 550 find his gain or loss

Answer 1

total cp of towel = 500+ 5/100×500 (gst 5%)
cp = 525
sp = 550
sincs sp greater than cp so gain =550 - 525
gain% = 25/525 ×100 = 4.76% gain