A table is bought for Rs.400/- and sold at Rs.500/- find gain or loss percentage
(a) 30% Gain (b) 25% Gain (c) 30% Loss (d) 25% Loss
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Table is sold at price(selling price) higher than the price for which it is bought(cost price).So,this is a profit and we need to calculate gain percentage. Selling price=500 Cost price=400 Profit=Selling price-cost price =500-400=100 Now to calculate gain percentage, it's nothing but how much percentage of cost price is the gain.So, %gain=(gain/cost price)*100 =(100/400)*100=25%
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Sai
- 15 Apr
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