Question

Find the gain or loss percent if $C.P=Rs.500$ and $S.P=Rs.565$

Answer 1

From the given data, we can say that $S.P>C.P.$

$\therefore$ There is a gain

Gain $=S.P-C.P$

$=Rs565-Rs500=Rs65$

Gain percentage $=\frac{Profit}{C.P}\times 100=\frac{65}{500}\times 100=13\%$