Question

An article bought for 80rs. And sold it at 90rs. Find the gain or loss percent?

Answer 1

Answer:Cost Price=80 rs

Selling price=90 rs

Therefore,Selling price is greater than Cost price,Then its a Profit

Profit=Selling price-Cost price

Profit=90-80

=10 Rs

Profit%=Profit×100/CP

=10×100/80

=1000/80

=12.5%

Hope you get your answer