Question

Find the gain or loss%, if
( (a) C.P.=540, S.P. =*600​

Answer 1

Answer:

Step-by-step explanation:

We will solve different types of problems on finding profit or loss.

We know, when Selling Price (S.P.) is greater than the Cost Price (C.P.) we have a gain (Profit) and when Cost Price (C.P.) is greater than the Selling Price (S.P.) we have a loss.

General formula to find whether there is profit or loss:

Profit or Gain = S.P. - C.P. = Selling Price - Cost Price

Loss = C.P. - S.P. = Cost Price - Selling Price

Answer 2

Step-by-step explanation:

$s.p. = 640 \\ c.p. = 540 \\ profit = s.p. - c.p. \\ = 600 - 540 \\ = 60 \: rs. \\ gain \: \% = \frac{profit \times 100}{c.p.} \\ = \frac{60 \times 100}{540} \\ = 11 \frac{1}{9} \%$