Question

Find the gain or loss percent: C.P. = ₹ 550 and Gain = ₹ 22

Answer 1

Given: C.P. = Rs. 550 and Gain = Rs. 22
⇒ Gain percent $=\frac{\text{Gain}}{C.P.}\times 100$
$=\frac{22}{550}\times 100$
$=\frac{22\times 10}{55}$
$=\frac{2\times 10}{5}$
= 4
Hence, the gain percent is 4%.