Question 1:
Find the gain or loss per cent when:
(i) CP = Rs 620 and SP = Rs 713
(ii) CP = Rs 675 and SP = Rs 630
(iii) CP = Rs 345 and SP = Rs 372.60
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Answers
Answered by
1
Answer:
(i) CP = RS 620 and SP = RS 713
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Answered by
1
Answer:
(i) CP = Rs.620 and SP =Rs.713
Since SP is more than CP. So, it is a case of Gain.
Gain = SP- CP
= 713 - 620
= 93
(ii) CP = Rs.675 and SP = Rs.630
Since CP is more than SP. So, it is a case of Loss.
Loss = CP- SP
= 675 - 630
= 45
= 6.66%
(iii) CP = Rs.345 and SP=Rs.372.60
Since SP is more than CP. So, it is a case of Gain.
Gain = SP- CP
= 372.60 - 345
= 27.60
= 8%
(iv) CP = Rs.80 and SP = Rs.76.80
Since CP is more than SP. So, it is a case of Loss.
Loss = CP- SP
= 80 – 76.80
= 3.20 until
= 4%
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