Question

Mr kamal bought led for his rupees 16,400 and sold it for rupees 13,120. What was his profit or loss percent?

Answer 1

Gain is equals to (S.P) - (C. P) 16400 - 13120 = 3280

Gain % = (gain x 100)/CP

Then

= (3280 x 100)/16400

= 20%