Question

Cost price is 40% of selling price. What is the % gain on cost price

Answer 1

Answer:

150%

step-by-step expaination

Cost price of an article = 40% of the selling price

So, selling price S.P. = Rs. 100

and Cost price C.P. = Rs. 40

Now , Gain or Profit = S.P. – C.P.

= 100 – 40

= Rs. 60

Gain or Profit percent = 60 / 40 × 100

= 600 / 4

= 150 %

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