Question

the ratio of the cp and sp of an article is 20: 21. find its gain percent?

Answer 1

Given CP : SP = 20:21
CP---20
SP----21
Gain = 1
Gain % = G/C.P * 100
             = 1/20 * 100 = 5%
Hope it helps

Answer 2

Hey sup!

As per the question,

CP:SP=20:21

Let the CP and SP be 20k and 21k respectively.

So profit= 21k-20k= 1k.

Gain%=gain/cost price ×100.

=1k/20k ×100.

=1/20 × 100.

=5%.

Hope it helps.