Menu purchased an item for rupees 2800 and sold the same for rupees 3360 the gain percentage
is what
Answers
Answered by
64
Given:
Cp.=Rs.2800
Sp.=Rs.3360
To Find:
The gain percentage.
Let's Find:
P=Sp-Cp
P=3360-2800
P=560
Let's Find Profit Percentage:
Profit/Cp × 100
560/2800 × 100
Profit Percentage = 20%
Answered by
19
Answer:
Question
Menu purchased an item for rupees 2800 and sold the same for rupees 3360. what is the gain percentage.
Given
- cost price = 2800
- selling price= 3360
To find
gain percentage
Solution
Profit on an item is given by:
where
- p denotes profit
- s.p denotes selling price
- c.p denotes cost price
substitute the value in the above formula -
→Profit = 3360- 2800
➝profit= Rs 560.
Now the gain percentage is given by:
where,
- g.p denotes gain percentage.
- p denotes profit.
- c.p denotes cost price.
substitute the values in the above formula
gain percentage= 560/ 2800 × 100%
☞gain percentage= 20%
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