Question

Find the gain or loss percent in the following case$:$

$C.P.$ $₹600$ and gain $₹50$

Answer 1

To find the loss or gain percent.

It is given that gain $=$$₹50$

and $C.P.$ $=$ $₹600$

Gain percent $=\frac{S.P.-C.P}{C.P}\times 100$

Gain percent $=\frac{gain}{C.P.}\times 100$

$=\frac{50}{600}\times 100$ $,$ cancel the common factor $100$ from numerator and denominator

$=\frac{50}{6}$

$=8.33\%$

Hence, the gain percent is $8.33\%$