Question

A man buys a radio set for RS 900 and sells it for RS 972 . What is his profit or loss per cent?

Answer 1

Answer:

972-900=72 profit

72/900×100=8% PROFIT

Answer 2

Greetings..!!

Cost Price(C.P) of the radio set = Rs 900

Selling Price(S.P) of the radio = Rs 972

Here , S.P > C.P , so its a gain .

Now, gain = S.P - C.P

⇒972 - 900

⇒ 72

∴ Gain Percent = (Gain/C.P)*100

⇒(72/900)*100

⇒8

Answer : Hence , gain percent is 8% .