Question

if the ratio of selling price and cost price of air article is 51:50 , then the gain percent on it is

Answer 1

Heya, ______________________________

Ratio can be taken = 51x ( SP ) , 50x ( CP )

Profit = 51x - 50x = x

Profit % = Profit / CP × 100

= ( x/50x × 100 )%

= 2%

Hope it helps☺!✌

Answer 2

Answer:

let the SP of an article be 51x

let the cp of an article be 50x

according to question

Profit =sp-cp

=51x-50x

=x

profit %=x/50×100

x=2%