Question

An article was bought for rupees 80 and sold for rupees 95 .the gain percent was
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Answer 1

Step-by-step explanation:

c.p of articles =80

s.p of articles =95

gain = sp - cp

95-80=5

Answer 2

Given:

An article was bought for 80 rupees and was sold for 95 rupees.

To Find:

The gain percentage is?

Solution:

The given problem can be solved using the concepts of profit and loss.

1. The article was bought for rupees 80.

=> Cost Price = Rs 80.

2. The article was sold for rupees 95.

=> Selling price = Rs 95.

3. The profit earned is calculated by using the formula,

=> Profit = Selling price - Cost price,

=> Profit = 95 - 80 = Rs 15.

=> Profit = Rs 15.

4. The percentage of profit is calculated by using the formula,

=> Profit percentage = (Profit x 100)/(Cost Price),

=> Profit percentage = (15x100)/(80),

=> Profit percentage = 18.75%.

Therefore, the gain percentage is 18.75%.