Question

A cycle is purchased for ₹1500 and sold for ₹1860,find the gain or loss percent​

Answer 1

Explanation:

SP-CP/CP*100

1860-1500/1500 *100

ANS-24%

Answer 2

Required Solution:

Given:

• C.P of the cycle = ₹1500
• S.P of the cycle = ₹1860

To calculate:

• Gain or loss %

Calculation:

Since, S.P > C.P

So there is gain.

• → Gain = S.P - C.P

→ Gain = ₹(1860-1500)

→ Gain = ₹360

Now,

• Gain% = $\sf { \dfrac{Gain}{C.P} }$× 100

→ Gain % = $\sf { \dfrac{360}{15\cancel{00}} \times 1 \cancel{00} }$

→ Gain% = 24%

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