Question

An object was bought for ₹5000 and sold ₹6500 find the gain and gain% ?

Answer 1

cost price = 5000 rs.

selling price = 6500 rs.

as selling price > cost price there is a profit

profit = selling price - cost price = 6500 - 5000 = 1500 rs.

profit percentage = profit x 100 / cost price = 1500 x 100 / 5000 = 30 %

hope it helps you

Answer 2

GIVEN:-

CP=5000

SP=6500

TO FIND:-

Gain

Gain %

SOLVING:-

Object bought = CP

CP = Rs. 5000

Sold = SP

SP = 6500

Gain    = SP-CP

             = 6500-5000

            = 1500  

Gain % =   $\frac{difference}{cp}$× 100

             =   $\frac{1500}{5000}$ × 100

            =  $\frac{15}{50}$× 100(divided by 100)

             = $\frac{15}{1}$×20 (divided by 50)

            = 15x20

             = 30%  

           

∴ gain is 1500 rupees and gain% is 30%