Question

find the gain or loss percent when CP is equal to 62 and SP is equal to 4 7.25
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Answer 1

Step-by-step explanation:

Cost price (C.P.): This is the price at which an article is purchased.

Selling price (S.P.): This is the price at which an article is sold.

Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred.

Formula: Profit or Gain = S.P. – C.P.

Loss: If the selling price is less than the cost price, the difference between them is the loss incurred.