Question

what should be percentage gain on a product when it is sold for Rs 120 with a gain of Rs 20.​

Answer 1

Answer:

20%

Step-by-step explanation:

Given -

Selling Price (SP) = ₹120

Gain = ₹20

To find -

Gain percentage of product

Solution -

To find the gain percentage, first we will find the Cost Price (CP).

CP = SP - Gain

= ₹120 - ₹20

= ₹100

Gain (%) = Gain×100/C.P.

= 20×100/100

= 2000/100

= 2000 ÷ 100

= 20%

Hence the gain percentage is 20%.

hope it helps.

Answer 2

$\small{\textsf{\textbf{\underline{\underline{∴ Gain percentage on a product = 20•/• \::}}}}}$

Step-by-step explanation:

Given that:

• Selling price = Rs 120
• Gain = Rs 20

To Find:

• Gain percentage on a product.

Concept:

• For finding the gain percentage of a product first we have to find its cost price.

Formula used:

• CP = SP - Gain
• Gain % = (100 × Gain)/CP

Where,

• CP = Cost price
• SP = Selling price

First finding the cost price of a product:

⟶ CP = Rs 120 - Rs 20

⟶ CP = Rs 100

∴ Cost price of a product = Rs 100

Now finding the gain percentage:

⟶ Gain % = (100 × 20)/100 %

⟶ Gain % = 2000/100 %

⟶ Gain % = 20 %

$\small{\textsf{\textbf{\underline{\underline{∴ Gain percentage on a product = 20 •/•\::}}}}}$