what should be percentage gain on a product when it is sold for Rs 120 with a gain of Rs 20.
Answers
Answered by
0
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.
Answered by
0
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 %
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