Question

If the ratio of cost of price and selling price of an article is 5:6 ,what is the gain percentage?

Answer 1

Let CP = Rs 5, SP = Rs 6
Therefore Profit/ Gain = SP-CP = Rs 6-5 = Rs 1
Since Gain percentage=Gain*100/ CP = 1*100/ 5 = 100/ 5 = 20%
Therefore gain percentage = 20%

Answer 2

Answer:

Gain Percentage = 20%

Step-by-step explanation:

The ratio of cost of price and selling price of an article is 5 : 6

Let the cost price of an article be 5x and the selling price of an article be 6x

We need to find the gain percentage of the article.

Now, Gain = Selling price - Cost price

⇒ Gain = 6x - 5x

⇒ Gain = x

Now, Gain percentage = x/5x × 100

                                      = 1/5 × 100

                                      = 20%

Thus, Gain Percentage = 20%