Question

An article was bought for ₹1500 and sold for ₹2000 . Find the gain and gain percentage

Answer 1

Answer:

CP = ₹1500

SP = ₹2000

Therefore, it is a profit.

= 2000 - 1500

= ₹500

Formula to find gain is:

= 100 x Profit/CP

= 100 x 500/1500

= 33.33%

Answer 2

Answer:

Hence, value of gain will be Rs. 500 while value of gain percentage will be $33\frac{1}{3}\%$

Step-by-step explanation:

In context to question asked,

We have to determine the value of gain and gain percentage,

As per question,

We have,

CP of article = Rs. 1500

SP of article = Rs. 2000

As here, SP of article is more than the CP of article,

So, there will be profit in this case.

Profit = SP - CP

So, value of profit will be $=2000-1500 = Rs.\:500$

So, we know that,

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

So, now we will put the value of profit in above formula,

We will get,

$\%Profit =\frac{500}{1500}\times 100\%\\=>\%P = \frac{1}{3}\times 100\%\\=>\%P = \frac{100}{3}\%\\=>\%P = 33\frac{1}{3}\%$