Question

A man bought an article for rs /350 and sold it for rs /400.find gain or loss

Answer 1

Here Cost Price (CP) = Rs. 350

and Selling Price(SP) = Rs. 400

Since SP > CP ∴ it is a Profit

Profit = SP - CP

= 400 - 350

= Rs. 50

To calculate Profit%  

$\frac{Profit}{CP} \times 100$

$=\frac{50}{350} \times 100$

$\frac{100}{7}%   or  14\frac{2}{7}$

Answer 2

Answer:

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