Question

b. CP=500, overhead expenses= 80 and SP=609 find the gain or loss percent​

Answer 1

$\huge \fbox \red{Answer} \\ \\ cp = 500 \\ overhead \: expense = 80 \\ sp = 609 \\ total \: cp = cp + overhead \: expense \\ = 500 + 80 \\ = 580 \\ gain = sp - cp \\ = 609 - 580 \\ = 29 \\ gain \: percent \: = \frac{gain}{cp} \times 100 \\ = \frac{29}{580} \times 100 \\ = 5 \: percent\\ \\ answer \:is \: 5 \: percent.$

Answer 2

Given :-

• Cost Price = Rs,500
• Overhead Expenses = Rs,80
• Selling Price = Rs,609

To Find :-

• The gain or loss per cent

Solution :-

★ Actual Cost Price ★

→ Actual CP = CP + Overhead Expenses

→ Actual CP = 500 + 80

→ Actual CP = Rs,580

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★ Loss or Gain in Rupees ★

→ Gain = SP > CP

→ Gain = SP - CP

→ Gain = 609 - 580

→ Gain = Rs,29

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★ Gain Percentage ★

→ Gain % = Gain ÷ Cost Price × 100

→ Gain % = 29 ÷ 500 × 100

→ Gain % = 29 ÷ 5

→ Gain % = 5.8%

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Therefore, Gain is Rs,29 and Gain% is 5.8%

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★ Additional Info :

• Profit and loss are obtained for all shopkeepers in their shops. The profit is obtained when the selling price is greater than cost price. The loss is obtained when the cost price is greater than selling price. The profit and loss can also be converted into percentage format by some mathematical formulas.
• To convert the profit to percentage from, first we should divide the profit and cost price and then multiply by 100.
• To convert the loss to percentage form, first we should divide the loss and cost price and then multiply by 100.

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