Question

what should be the percentage gain on a product when it is sold for Rs240 with a gain of Rs40?

Answer 1

20% profit.

Step-by-step explanation:

selling price - cost price/cost price ×100

240-200/200×100=20%

Answer 2

Given

• SP = Rs 240
• Gain = Rs 40

We Find

• Gain Percentage of given product

We know

☆ CP = SP - Profit

CP = 240 - 40

CP = 200

So, Cost Price is Rs 200.

☆ Formula For Finding Gain percentage -

$\boxed{\red{\frac{Gain × 100}{CP}}}$

According to the question

Gain Percentage = ${\frac{Gain × 100}{CP}}$

Gain Percentage = ${\frac{40 × 100}{200}}$

Gain Percentage = ${\frac{4000}{200}}$

Gain Percentage = ${\cancel\frac{4000}{200} }$

Gain Percentage = 20 %

Hence, Gain Percentage is 20 %