Question

Find the gain or loss percent: C.P. = ₹ 200 and S.P. = ₹ 224

Answer 1

Given: C.P. = Rs. 200 and S.P. = Rs. 224
⇒ S. P. > C. P.
∴ Gain = S.P. − C.P.
=224−200
=24
Gain percent $=\frac{\text{Gain}}{C.P.}\times 100$
$=\frac{24}{200}\times 100$
$=\frac{24}{2}$
=12
Hence, the gain percentage is 12%.