Question

Find gain or loss percent if
(a) C.P=Rs.1000 and S.P=Rs.1500​

Answer 1

answer

according to the statement

C.P=1000

S.P=1500

S.P>C.P=Gain/profit

profit /Gain= S.P-C.P

1500-1000=500

g%=Gain/C.P×100

g%= 500/1000×100=50

so the Gain % is 50%

Answer 2

Here the cost price and the selling price are given

cost price = Rs. 1000

selling price = Rs. 1500

We have to find the gain or loss percentage

Now, as selling price is more than cost price, there will be gain

So, gain = SP - CP

             = 1500 - 1000

            = 500

Gain percentage = (gain/cost price) × 100

                           = ( 500/1000) × 100

                          = 50

Hence, gain percentage will be 50%