Question

If the ratio of cost price and the selling price is 5:7 , then the profit / gain _________ %.

Answer 1

Answer:

gain = 40%

Step-by-step explanation:

Ratio of cost price and the selling price = 5:7

Let cost price (c.p) = 5x,

Selling price (s.p) = 7x

s.p > c.p

So, he get profit .

profit (g) = 7x-5x = 2x

$Profit \: percentage =\frac{g}{c.p}\times 100\\=\frac{2x}{5x}\times 100\\=40$

Therefore,

gain = 40%

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