Question

If the cost price of an article is 500 and selling price is 600, then calculate the gain or los cent.​

Answer 1

QUESTION ⤵️

If the cost price of an article is 500 and selling price is 600, then calculate the gain or los cent.

ANSWER⤵️

• Cost Price: The amount paid to purchase an article or the price at which an article is made is known as its cost price. The cost price is abbreviated as C.P.
• Selling Price: The price at which an article is sold is known as its selling price. The selling price is abbreviated as S.P.

S.P>C.P.

∴ there is a gain

Gain=S.P−C.P

= Rs600− Rs500= Rs100

Gain percentage= profit/ cp×100

= 100/500×100

=20%

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