what is the formula of gain%
Answers
Answer:
Formula of gain % can be calculated by knowing the gain and C.P
Step-by-step explanation:
Gain occurs only when the selling price is more than the cost price.
→ Selling price is the price at which we sell the product.
→ Cost price is the price at which we purchase the product .
→ During gain . S.P is always more than C.P .
→ Hence there is a profit or gain in the transaction .
NOTE :
⇒ There will always be a gain when S.P > C.P .
⇒ There will always be a gain when S.P - C.P is a positive number .
→ We know that percentage of increase = increase in price / original price × 100 .
→ Similarly the gain % has a similar formula where the cost price is considered as the original price .
→ Profit is the increase in the cost price when we are selling it .
Answer:
Step-by-step explanation:
hii^_^
gain means profit.
so gain% = gain/cost price ×100
or we can say that
profit%= profit/cp×100
where.
CP = is the cost price
SP = is the selling price.
in profit .(gain)
Selling price is always greather than that of the Cost price.
Profit( gain)=SP-CP.
Hope it helps u ^_^