Question

what should be the percentage gain on a product when it is sold for ₹120 with a gain of ₹20 ?​

Answer 1

Step-by-step explanation:

Gain=20

Selling price= 120

Cost price= 120-20

=100

gain percentage= 20/120* 100

=16.6%

Answer 2

Selling Price= ₹120

Profit= ₹20

Cost Price= S.P - Profit

= ₹120 - ₹20

= ₹100

Profit percentage =

$\frac{Profit×100}{C.P}$

= $\frac{20×100}{100}$

=20%