Question

Q 20.What should be percentage gain on a product when it is sold for Rs
120 with a gain of Rs 20. *
O
16.25%
O
20%
O
22%
O
24%​

Answer 1

Answer:

SP of a product = Rs. 120

Since the transaction is gain SP > CP

Gain = SP - CP

Rs. 20 = 120 - CP

CP = 120 - 20

CP = 100

CP of a product = Rs. 100

Gain % = Gain/CP * 100

= 20/100 * 100

= 20%

Therefore the gain % on a product is 20%.

Step-by-step explanation:

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