Question

an article bought for rs120 is sold for 150.find the gain or lost percent​

Answer 1

Answer:

lost = -30

Step-by-step explanation:

Answer 2

The gain percentage is 25%.

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Let's understand a few concepts:

What is the cost price?  

The cost price is the original price of items or goods at which it is bought by the retailer.

What is the selling price?  

The selling price is the price of items or goods at which it is sold to the customer.

What is profit?

A profit usually occurs in the transaction when the selling price of the item is more than the cost price of the item.

How to calculate the profit percentage?

The profit percentage of the article can be found by using the following formula:

$\boxed{\bold{Profit \:percentage = \frac{S.P. - C.P.}{C.P.} \times 100}}$

 

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Let's solve the given question:  

The cost price of an article = Rs. 120

The selling price of an article = Rs. 150

On substituting the values in the above formula of the profit percentage, we get  

The gain percentage is,

= $\frac{150 - 120 }{120} \times 100$

= $\frac{30}{120}\times 100$

=  $0.25 \times 100$

= $\bold{25\%}$

Thus, the gain percentage of the article is → 25%.

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Learn more about C.P., S.P., loss and gain here:  

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