Question

Find gain or loss percent: if C.P =$ 300 and S.P = $500 ?

Answer 1

CP=300

SP=500

As SP>CP, it is profit.

Profit=SP-CP=500-300=200

Profit % = Profit/CP×100 = 200/300×100 = 66.67%

Answer 2

Gain = SP - CP = 500 - 300 = 200

Gain % = ( 200/300 ) × 100 = 200/3 %