(c) The cost price of a pen is 19 and the selling price is 24. Is there a gain
or loss? How much?
Answers
Answered by
2
Answer:
gain of 500/19 percent
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Answered by
5
He or She get the profit of ₹5
He or She get the profit of 26.3157895%
Step-by-step explanation:
GIVEN
Cost price = ₹19
Selling price = ₹24
___________________________
To find
There is profit or loss
___________________________
We know that,
Selling price is more than cost price
∴ There is profit
___________________________
We know that,
Profit = Selling price - Cost price
Profit = 24 - 19
Profit = 5
Profit = ₹5
He or She get the profit of ₹5
___________________________
To find the percent of Profit
We know that,
Profit percent = 100 × Profit / Cost Price
Profit percent = 100 × 5 / 19
Profit percent = 500 / 19
Profit percent = 26.3157895
He or She get the profit of 26.3157895%
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