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Calculating Profit and Loss Percentage

A bag was bou...

Question

A bag was bought for ₹ 250 and sold for ₹ 265. Find loss or gain percent.

Loss % = 12%

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gain % = 10%

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gain % = 6%

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Loss % = 10%

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Solution

The correct option is C
gain % = 6%

Since SP > CP, we have profit.
Profit = SP - CP
= 265 - 250
= ₹ 15

$G a i n % = \frac{G a i n}{C P} \times 100$

$G a i n % = \frac{15}{250} \times 100$
$= 6 %$

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(a) Gardening shears bought for Rs 250 and sold for Rs 325.

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