A shopkeeper bought an article for ₹ 2000 and sold for ₹2500 . Find his gain% and loss
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Answered by
14
Cost price=₹2000
Selling price=₹2500
Profit=sp-cp
=2500-2000=₹500
Profit%= Profit/cp×100
=500/2000×100
=50000/2000
=50/2=25%
Therefore, the gain percent is 25%. Loss percent can't be calculated as the shopkeeper gained money by selling it at a higher price than buying it.
Answered by
1
Answer:
cp of an scotter =2000+3000
sp of am scotter = 8000
gain =sp - cp = (8000-5000)= 3000
profit= profit/ cp×100
3000×100/5000
=60%
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