Question

Find the gain or loss percent, when: C.P. = ₹2300, Overhead expenses = ₹300 and gain = ₹260.

Answer 1

Given CP = ₹2300, overhead expenses = ₹300 and gain = ₹260

We know that Gain % = {(Gain/ (CP + overhead expenses)} x 100 [1 Mark]
= {260/ (2300 + 300} x 100
= {260/2600} x 100

Gain = 10% [1 Mark]