find the gain and gain percent ,when cost price = rupees 6000 ,overhead expenses =rupees 400 and selling price = rupees 8000. Please explain
Answers
Step-by-step explanation:
CP = 6000 EXPENSES = 400
TOTAL CP = 6000+ 400 = 6400
SP = 8000
GAIN = SP-CP = 8000-6400 = 1600
GAIN% = 1600/8000×100 = 20%
HOPE YOU GOT WHAT YOU WANT!!
- The gain is equal to Rs. 1600 and gain percent is equal to 25% .
Given :-
- cost price = Rs. 6000
- overhead expenses = Rs. 400
- Selling price = Rs. 8000
To Find :-
- Total gain and gain percent ?
Formula used :-
- When selling price (SP) is greater than cost price (CP) , the seller has gain .
- Gain % = (Gain in Rs. × 100) ÷ CP
Solution :-
given that,
→ cost price = Rs. 6000
→ overhead expenses = Rs. 400
So,
→ Total cost price = cost price + overhead expenses = 6000 + 400 = Rs. 6400
now,
→ Selling price = Rs. 8000
as we can see that, SP > CP .
then,
→ Total gain = Selling price - Total cost price
→ Total gain = 8000 - 6400
→ Total gain = Rs. 1600
therefore,
→ Total gain % = (Total gain × 100) ÷ Total cost price
→ Total gain % = (1600 × 100) ÷ 6400
→ Total gain % = 1600 ÷ 64
→ Total gain % = 25% (Ans.)
Hence, the gain is equal to Rs. 1600 and gain percent is equal to 25% .
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