Question

b) The cost price of a toy car is Rs.500 and sold it for Rs.460. Find its gain or

loss percent.​

Answer 1

Answer:

gain = CP - SP

= 500-460

40

SP > CP

Hence gain

Step-by-step explanation:

gain percent = gain/CP x 100

= 40/500 x 100

= 80% gain

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Answer 2

As CP> SP. It is a loss of RS.40 (500-460).

$loss\% = \frac{loss}{cp} \times 100$

$loss\% = \frac{40}{500} \times 100$

$loss\% = \frac{40}{5} = 8\%$

So the loss percentage is 8%.

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