Question

Find the gain or loss percent when
(1) cp=620 rupess and sp= 713 rupees
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Answer 1

• Since The Selling Price (S.P) is more than Cost Price (C.P), Profit is gained and now we need to calculate Gain Percentage (or Profit Percentage)

Gain Percentage = (Selling Price - Cost Price)/Cost Price × 100 %

⇒ Gain Percentage = (713 - 620)/620 × 100 %

⇒ Gain Percentage = 93/620 × 100 %

⇒ Gain Percentage = 9300/620 %

⇒ Gain Percentage = 15 %