Question

An article was bought for rs.12000 and sold for rs. 12800. Find the gain or loss %.

Answer 1

Cp = 12000
Sp=12800

Sp>cp
Therefore, profit
Profit=sp-cp

=12800-12000
=₹800

Profit%= profit/CP * 100
800/12000*100
=20/3%
=6.66%