Question

Find the gain% when CP= Rs. 12000 and SP= Rs. 12800​

Answer 1

Answer:

Step-by-step explanation:

CP = 12000

SP = 12800

SP is greater than CP = Gain

= Gain% = Gain/CP × 100

= 800/12000×100

= 6.66%

Answer 2

Answer:

Percentage gain is $6.66$ %.

Step-by-step explanation:

Given : Cost price = Rs. $12000$

         Selling price = Rs. $12800$

To find : Percentage gain = ?

Solution :

• It is given that Cost price = Rs. $12000$

         Selling price = Rs. $12800$

• We have to find the percentage gain in this case.
• As we know that when selling price is greater than the cost price, profit is made by the person.
• The formula for profit is given by,

            Gain or Profit = Selling price - Cost price

                                = $12800-12000$

                                = Rs. $800$

• Now, to find percentage gain or profit, we have a formula,

           % Gain = $\frac{Gain }{Cost price}*100$

                       = $\frac{800}{12000}*100$

                       = $6.66$ %

• ∴ Percentage gain is $6.66$ %.